6,410 International Seaways Inc. $INSW Shares Sold by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC lowered its stake in shares of International Seaways Inc. (NYSE:INSW) by 32.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,389 shares of the transportation company’s stock after selling 6,410 shares during the period. International Seaways comprises 1.0% of SummerHaven Investment Management LLC’s portfolio, making the stock its 21st largest holding. SummerHaven Investment Management LLC’s holdings in International Seaways were worth $1,475,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in International Seaways in the 2nd quarter valued at about $28,000. Mather Group LLC. grew its stake in International Seaways by 100.0% in the 3rd quarter. Mather Group LLC. now owns 400 shares of the transportation company’s stock worth $44,000 after acquiring an additional 200 shares during the period. Allworth Financial LP purchased a new stake in shares of International Seaways in the second quarter valued at $48,000. Public Employees Retirement System of Ohio purchased a new stake in International Seaways in the 2nd quarter valued at about $66,000. Finally, Compass Financial Management LLC purchased a new stake in International Seaways in the second quarter valued at approximately $86,000. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

International Seaways Stock Performance

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 current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27. International Seaways Inc. has a twelve month low of $44.73 and a twelve month high of $126.27. The business’s 50 day moving average is $105.69 and its 200-day moving average is $91.08.

International Seaways (NYSE:INSW) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $406.38 million. During the same period in the previous year, the business earned $1.02 earnings per share. The company’s revenue was up 138.9% on a year-over-year basis. On average, analysts predict that International Seaways Inc. will post 17.08 earnings per share for the current year.

International Seaways Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $5.05 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $20.20 dividend on an annualized basis and a dividend yield of 18.4%. This is a boost from International Seaways’s previous quarterly dividend of $0.12. International Seaways’s dividend payout ratio (DPR) is presently 129.16%.

Analysts Set New Price Targets

A number of research firms have issued reports on INSW. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $107.00 price target on shares of International Seaways in a research report on Tuesday, September 1st. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 7th. BTIG Research lifted their price objective on International Seaways from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, September 18th. B. Riley Financial boosted their target price on shares of International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Jefferies Financial Group upped their price target on International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, International Seaways has an average rating of “Buy” and a consensus target price of $109.80.

Key Headlines Impacting International Seaways

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

Insider Activity

In other International Seaways news, CEO Lois Zabrocky sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $108.01, for a total value of $216,020.00. Following the completion of the sale, the chief executive officer directly owned 171,745 shares of the company’s stock, valued at approximately $18,550,177.45. This represents a 1.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Finance Ltd Famatown sold 61,216 shares of the stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $117.08, for a total value of $7,167,169.28. Following the sale, the insider owned 6,704,504 shares of the company’s stock, valued at $784,963,328.32. This trade represents a 0.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 553,718 shares of company stock worth $60,577,717. 1.70% of the stock is owned by company insiders.

International Seaways Profile

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.