International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 102,000 Shares of Company Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 102,000 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $111.82, for a total transaction of $11,405,640.00. Following the completion of the transaction, the insider owned 6,932,458 shares in the company, valued at $775,187,453.56. The trade was a 1.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Finance Ltd Famatown also recently made the following trade(s):

• On Thursday, October 8th, Finance Ltd Famatown sold 200 shares of International Seaways stock. The stock was sold at an average price of $118.50, for a total transaction of $23,700.00.
• 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 shares were sold at an average price of $114.97, for a total transaction of $11,497,000.00.
• 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 shares were sold at an average price of $112.12, for a total value 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 value of $9,454,911.12.

International Seaways Stock Performance

Shares of International Seaways stock traded down $3.12 during trading on Friday, reaching $109.99. The company’s stock had a trading volume of 844,082 shares, compared to its average volume of 807,338. International Seaways Inc. has a one year low of $44.73 and a one year high of $126.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.76 and a current ratio of 5.94. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.27 and a beta of -0.14. The business’s fifty day moving average price is $105.69 and its 200-day moving average price is $91.08.

International Seaways (NYSE:INSW) last announced its earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share for the quarter, beating the consensus estimate of $5.55 by $0.36. The firm had revenue of $467.29 million during the quarter, compared to the consensus estimate of $406.38 million. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The firm’s revenue for the quarter was up 138.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.02 EPS. As a group, equities research analysts predict that International Seaways Inc. will post 17.08 earnings per share for the current year.

International Seaways Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on INSW shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $107.00 price objective on shares of International Seaways in a research note on Tuesday, September 1st. 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. Weiss Ratings upgraded shares of International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Finally, Jefferies Financial Group increased their price target on shares of International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a report on Thursday, August 13th. One investment 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.com, the company has a consensus rating of “Buy” and a consensus price target of $109.80.

Institutional Investors Weigh In On International Seaways

A number of institutional investors have recently added to or reduced their stakes in INSW. Mather Group LLC. raised its holdings in International Seaways by 100.0% in the 3rd quarter. Mather Group LLC. now owns 400 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 200 shares in the last quarter. Ifrah Financial Services Inc. bought a new stake in shares of International Seaways during the third quarter valued at approximately $347,000. Contravisory Investment Management Inc. raised its stake in shares of International Seaways by 9.2% in the third quarter. Contravisory Investment Management Inc. now owns 5,459 shares of the transportation company’s stock valued at $601,000 after purchasing an additional 460 shares in the last quarter. Perpetual Ltd raised its stake in shares of International Seaways by 16.0% in the third quarter. Perpetual Ltd now owns 6,766 shares of the transportation company’s stock valued at $745,000 after purchasing an additional 935 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of International Seaways by 9.8% in the third quarter. GAMMA Investing LLC now owns 5,058 shares of the transportation company’s stock valued at $557,000 after purchasing an additional 452 shares in the last quarter. 67.29% of the stock is owned by institutional investors and hedge funds.

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

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.