International Seaways Inc. (NYSE:INSW – Get Free Report) major shareholder Finance Ltd Famatown sold 200 shares of the business’s stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $118.50, for a total transaction of $23,700.00. Following the sale, the insider owned 6,704,304 shares in the company, valued at approximately $794,460,024. This trade represents a 0.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Finance Ltd Famatown also recently made the following trade(s):
- On Wednesday, October 7th, Finance Ltd Famatown sold 61,216 shares of International Seaways stock. The stock was sold at an average price of $117.08, for a total transaction of $7,167,169.28.
- On Tuesday, October 6th, Finance Ltd Famatown sold 66,738 shares of International Seaways stock. The stock was sold at an average price of $117.03, for a total transaction of $7,810,348.14.
- On Monday, October 5th, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The stock was sold at an average price of $114.97, for a total transaction of $11,497,000.00.
- On Tuesday, September 22nd, Finance Ltd Famatown sold 102,000 shares of International Seaways stock. The shares were sold at an average price of $111.82, for a total transaction of $11,405,640.00.
- On Monday, September 21st, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The shares were sold at an average price of $111.09, for a total transaction of $11,109,000.00.
- On Friday, September 18th, Finance Ltd Famatown sold 15,136 shares of International Seaways stock. The stock was sold at an average price of $112.12, for a total transaction of $1,697,048.32.
- On Wednesday, July 22nd, Finance Ltd Famatown sold 104,428 shares of International Seaways stock. The stock was sold at an average price of $90.54, for a total transaction of $9,454,911.12.
International Seaways Price Performance
Shares of INSW opened at $109.99 on Friday. The stock has a market cap of $5.45 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.27 and a beta of -0.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.76 and a current ratio of 5.94. International Seaways Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $126.27. The firm’s 50-day simple moving average is $105.69 and its two-hundred day simple moving average is $91.08.
International Seaways (NYSE:INSW – Get Free Report) last announced its earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share for the quarter, beating analysts’ consensus estimates of $5.55 by $0.36. International Seaways had a net margin of 61.98% and a return on equity of 31.75%. The business had revenue of $467.29 million during the quarter, compared to the consensus estimate of $406.38 million. During the same quarter last year, the firm earned $1.02 earnings per share. The business’s revenue for the quarter was up 138.9% on a year-over-year basis. Analysts anticipate that International Seaways Inc. will post 17.08 earnings per share for the current fiscal year.
International Seaways Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a $5.05 dividend. This represents a $20.20 annualized dividend and a dividend yield of 18.4%. The ex-dividend date was Thursday, September 10th. This is an increase from International Seaways’s previous quarterly dividend of $0.12. International Seaways’s dividend payout ratio (DPR) is currently 129.16%.
International Seaways News Summary
Here are the key news stories impacting International Seaways this week:
- Positive Sentiment: Fleet expansion announced: International Seaways agreed to acquire Bruton Limited in transactions valuing the target at approximately $370 million. The deal would add four VLCC vessels, including newbuildings, expanding INSW’s crude-oil tanker capacity and potentially increasing future revenue and cash flow. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
- Positive Sentiment: Analyst price-target increase: B. Riley raised its target for INSW to $140, signaling continued confidence in the company’s earnings outlook and tanker-sector prospects. B. Riley lifts target for International Seaways stock to USD 140
- Positive Sentiment: Preliminary third-quarter update: INSW reported preliminary third-quarter net income and revenue and provided earnings guidance ahead of its scheduled November 5 results release. The update gives investors additional visibility into operating performance. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
- Neutral Sentiment: Results date scheduled: International Seaways will release full third-quarter 2026 results before the market opens on November 5, followed by an investor conference call. International Seaways to Announce Third Quarter 2026 Results
- Negative Sentiment: Major shareholder continues selling: Finance Ltd Famatown disclosed sales totaling roughly 228,000 INSW shares from October 5–8 at average prices of about $115–$119, reducing its holdings by approximately 3.3% over those transactions. Although the shareholder still owns more than 6.7 million shares, the repeated selling can raise concerns about near-term supply and insider confidence. SEC ownership filing
Institutional Investors Weigh In On International Seaways
A number of institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in International Seaways by 5.0% in the 2nd quarter. Baird Financial Group Inc. now owns 248,506 shares of the transportation company’s stock worth $19,033,000 after acquiring an additional 11,835 shares during the last quarter. NewEdge Wealth LLC lifted its position in International Seaways by 43.1% in the 1st quarter. NewEdge Wealth LLC now owns 24,942 shares of the transportation company’s stock valued at $1,818,000 after acquiring an additional 7,511 shares in the last quarter. Man Group plc bought a new position in International Seaways in the 2nd quarter valued at approximately $867,000. Two Sigma Securities LLC bought a new position in International Seaways in the 2nd quarter valued at approximately $507,000. Finally, Energy Income Partners LLC purchased a new stake in International Seaways during the 2nd quarter valued at $4,161,000. Hedge funds and other institutional investors own 67.29% of the company’s stock.
Wall Street Analysts Forecast Growth
INSW has been the topic of several analyst reports. Jefferies Financial Group boosted their target price on International Seaways from $100.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. B. Riley Financial lifted their price target on International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $107.00 price target on shares of International Seaways in a research report on Tuesday, September 1st. Finally, BTIG Research upped their price target on shares of International Seaways from $100.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $109.80.
View Our Latest Stock Report on INSW
About International Seaways
International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.
Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.
International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.
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