International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 100,000 Shares of Stock

Key Points

• Major shareholder Famatown Finance sold 100,000 International Seaways shares for approximately $11.5 million at an average price of $114.97, reducing its position by 1.44% while retaining more than 6.8 million shares.
• International Seaways reported strong quarterly results, with EPS of $5.91 beating estimates and revenue rising 138.9% year over year to $467.29 million. The company also increased its quarterly dividend to $5.05, implying an 18% annualized yield.
• Analyst sentiment remains favorable: B. Riley raised its price target to $140 and maintained a “buy” rating, while the stock was trading near $111.94 after reaching a 52-week high of $126.27.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 100,000 shares of the business's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $114.97, for a total transaction of $11,497,000.00. Following the transaction, the insider owned 6,832,458 shares of the company's stock, valued at approximately $785,527,696.26. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases 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 shares were 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 value 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 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 value of $11,405,640.00.
• On Monday, September 21st, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The stock was sold at an average price of $111.09, for a total value 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 shares were sold at an average price of $90.54, for a total transaction of $9,454,911.12.

International Seaways Stock Performance

NYSE INSW traded down $1.17 on Friday, hitting $111.94. 150,199 shares of the stock were exchanged, compared to its average volume of 606,217. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.94 and a quick ratio of 5.76. The business's fifty day moving average is $105.33 and its 200 day moving average is $90.94. International Seaways Inc. has a 52 week low of $44.73 and a 52 week high of $126.27. The company has a market capitalization of $5.54 billion, a PE ratio of 7.16, a P/E/G ratio of 0.29 and a beta of -0.14.

International Seaways (NYSE:INSW - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The transportation company reported $5.91 EPS 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 firm had revenue of $467.29 million during the quarter, compared to analysts' expectations of $406.38 million. During the same quarter last year, the company posted $1.02 earnings per share. The company's revenue for the quarter was up 138.9% compared to the same quarter last year. Research analysts anticipate that International Seaways Inc. will post 17.08 EPS for the current fiscal year.

International Seaways Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $5.05 dividend. This is a positive change from International Seaways's previous quarterly dividend of $0.12. This represents a $20.20 annualized dividend and a yield of 18.0%. The ex-dividend date was Thursday, September 10th. International Seaways's dividend payout ratio is currently 129.16%.

Hedge Funds Weigh In On International Seaways

Hedge funds have recently bought and sold shares of the company. Mather Group LLC. boosted its holdings in International Seaways by 100.0% in the third quarter. Mather Group LLC. now owns 400 shares of the transportation company's stock valued at $44,000 after acquiring an additional 200 shares during the last quarter. Ifrah Financial Services Inc. bought a new stake in shares of International Seaways in the 3rd quarter valued at $347,000. Contravisory Investment Management Inc. boosted its stake in shares of International Seaways by 9.2% in the 3rd 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 during the last quarter. Perpetual Ltd boosted its stake in shares of International Seaways by 16.0% in the 3rd quarter. Perpetual Ltd now owns 6,766 shares of the transportation company's stock valued at $745,000 after purchasing an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of International Seaways by 9.8% during the third quarter. GAMMA Investing LLC now owns 5,058 shares of the transportation company's stock worth $557,000 after buying an additional 452 shares during the period. 67.29% of the stock is owned by institutional investors.

International Seaways News Roundup

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: Strategic Bruton acquisition expands the VLCC fleet. International Seaways agreed to acquire a 50.5% stake in Bruton Limited in transactions valuing the target at approximately $370 million. The combination would add four very large crude carriers, including newbuildings, strengthening INSW’s long-term fleet capacity and exposure to crude-oil transportation demand. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
• Positive Sentiment: Analyst price-target increase provides additional support. B. Riley raised its target for International Seaways to $140, signaling continued confidence in the company’s earnings outlook and tanker-market fundamentals. B. Riley lifts target for International Seaways stock to USD 140.00
• Neutral Sentiment: Third-quarter updates are approaching. INSW has provided preliminary third-quarter net income and revenue information and scheduled its full earnings release for November 5, 2026. Investors may look for further details on tanker rates, cash flow, acquisition funding and the outlook. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
• Negative Sentiment: Major shareholder Famatown Finance continued reducing its position. SEC filings show sales totaling roughly 230,000 shares from October 5–8 at prices between $114.97 and $118.50, following additional sales in September. Although Famatown still owns more than 6.7 million shares, repeated insider-level selling can weigh on sentiment and raise concerns about supply overhang.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INSW shares. B. Riley Financial boosted their target price on International Seaways from $120.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, October 5th. Jefferies Financial Group lifted their price objective on shares of International Seaways from $100.00 to $108.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Zacks Research raised shares of International Seaways from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $107.00 target price on shares of International Seaways in a report on Tuesday, September 1st. One research 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 company. According to data from MarketBeat, International Seaways presently has an average rating of "Buy" and an average target price of $109.80.

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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