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

Key Points

• Major shareholder Famatown Finance sold 102,000 International Seaways shares for approximately $11.4 million, reducing its position by 1.45% while retaining about 6.93 million shares. The shareholder has made several additional sales in recent months.
• International Seaways reported strong quarterly results, with EPS of $5.91 and revenue of $467.29 million, up 138.9% year over year and above analyst expectations.
• The company increased its quarterly dividend to $5.05 per share, implying an annualized yield of about 18%. Analysts maintained a broadly positive outlook, with the stock carrying a consensus “Buy” rating.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 102,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $111.82, for a total value of $11,405,640.00. Following the completion of the transaction, the insider directly owned 6,932,458 shares of the company's stock, valued at $775,187,453.56. This represents a 1.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more 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 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 value 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 value 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 value 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 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 shares were sold at an average price of $90.54, for a total transaction of $9,454,911.12.

International Seaways Stock Down 1.0%

INSW traded down $1.17 during midday trading on Friday, reaching $111.94. The company's stock had a trading volume of 150,199 shares, compared to its average volume of 606,217. International Seaways Inc. has a 1 year low of $44.73 and a 1 year high of $126.27. The stock's 50-day moving average is $105.33 and its 200-day moving average is $90.94. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 0.29 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 (NYSE:INSW - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, topping analysts' consensus estimates of $5.55 by $0.36. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The firm 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 firm posted $1.02 EPS. The business's revenue for the quarter was up 138.9% compared to the same quarter last year. As a group, research analysts expect that International Seaways Inc. will post 17.08 EPS for the current year.

International Seaways Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on INSW. Weiss Ratings upgraded International Seaways from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $107.00 price target on shares of International Seaways in a research note on Tuesday, September 1st. BTIG Research increased their price objective on shares of International Seaways from $100.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, September 18th. Jefferies Financial Group raised their price objective on shares of International Seaways from $100.00 to $108.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of International Seaways from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $109.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in International Seaways in the 2nd quarter valued at about $505,153,000. Arrowstreet Capital Limited Partnership lifted its position in shares of International Seaways by 167.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 608,265 shares of the transportation company's stock worth $44,330,000 after purchasing an additional 380,931 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of International Seaways during the second quarter worth approximately $21,082,000. Empowered Funds LLC bought a new stake in shares of International Seaways during the second quarter valued at approximately $19,711,000. Finally, Acorn Financial Advisory Services Inc. ADV bought a new position in International Seaways in the 1st quarter worth approximately $13,145,000. 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: 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.

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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