International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 104,428 Shares of Company Stock

Key Points

• Major shareholder Finance Ltd Famatown sold 104,428 International Seaways shares at an average price of $90.54, generating approximately $9.45 million. The sale reduced its position by 1.44%, though it still owned about 7.15 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 raised its quarterly dividend to $5.05 per share, equivalent to an annualized $20.20 dividend and an 18.1% yield, while analysts maintained an overall “Buy” consensus.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 104,428 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $90.54, for a total transaction of $9,454,911.12. Following the completion of the sale, the insider owned 7,149,594 shares of the company's stock, valued at approximately $647,324,240.76. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 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 shares were 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 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 value 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 value of $1,697,048.32.

International Seaways Trading Down 1.1%

Shares of INSW traded down $1.26 during midday trading on Friday, hitting $111.85. 150,199 shares of the stock were exchanged, compared to its average volume of 606,217. International Seaways Inc. has a 52-week low of $44.73 and a 52-week 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 stock has a fifty day simple moving average of $105.33 and a 200 day simple moving average of $90.94. The firm has a market cap of $5.54 billion, a P/E 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 posted its quarterly earnings data on Monday, August 10th. The transportation company reported $5.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $406.38 million. During the same quarter in the previous year, the business earned $1.02 EPS. The company's quarterly revenue was up 138.9% compared to the same quarter last year. On average, 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 declared 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. This represents a $20.20 dividend on an annualized basis and a yield of 18.1%. This is a boost from International Seaways's previous quarterly dividend of $0.12. The ex-dividend date was Thursday, September 10th. International Seaways's payout ratio is currently 129.16%.

More International Seaways News

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.

Institutional Trading of International Seaways

Large investors have recently made changes to their positions in the company. Mather Group LLC. increased its stake in shares of International Seaways by 100.0% during the third quarter. Mather Group LLC. now owns 400 shares of the transportation company's stock worth $44,000 after buying an additional 200 shares during the period. Ifrah Financial Services Inc. acquired a new stake in International Seaways in the third quarter valued at approximately $347,000. Contravisory Investment Management Inc. lifted its stake in International Seaways by 9.2% in the third quarter. Contravisory Investment Management Inc. now owns 5,459 shares of the transportation company's stock worth $601,000 after acquiring an additional 460 shares during the last quarter. Perpetual Ltd lifted its stake in International Seaways by 16.0% in the third quarter. Perpetual Ltd now owns 6,766 shares of the transportation company's stock worth $745,000 after acquiring an additional 935 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in International Seaways by 9.8% in the third quarter. GAMMA Investing LLC now owns 5,058 shares of the transportation company's stock worth $557,000 after acquiring an additional 452 shares during the last quarter. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Weiss Ratings raised shares of International Seaways from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. BTIG Research upped their target price 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. B. Riley Financial upped their target price on shares of International Seaways from $120.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, October 5th. Jefferies Financial Group increased their target price on shares of International Seaways from $100.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, Zacks Research raised shares of International Seaways from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $109.80.

International Seaways Company 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.

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