International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 61,216 Shares of Stock

Key Points

• Major shareholder Finance Ltd Famatown sold 61,216 International Seaways shares at an average price of $117.08, generating $7.17 million. The sale reduced its stake by 0.9%, though it still owns approximately 6.7 million shares.
• International Seaways reported quarterly EPS of $5.91, exceeding estimates, while revenue rose 138.9% year over year to $467.29 million. The company also declared a $5.05-per-share quarterly dividend, equivalent to an 18.1% yield, although its payout ratio exceeds 100%.
• Shares recently traded at $111.85, near their 12-month high, and analysts maintained a broadly positive outlook, including a $140 price target from B. Riley. However, repeated sales by Famatown could create a supply overhang and weigh on investor sentiment.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 61,216 shares of the business's stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $117.08, for a total transaction of $7,167,169.28. Following the sale, the insider owned 6,704,504 shares in the company, valued at approximately $784,963,328.32. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 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 value of $11,497,000.00.
• On Tuesday, September 22nd, Finance Ltd Famatown sold 102,000 shares of International Seaways stock. The stock was 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 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 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 1.1%

NYSE:INSW traded down $1.26 on Friday, reaching $111.85. 150,199 shares of the stock traded hands, compared to its average volume of 606,217. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27. The company 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. International Seaways Inc. has a 12 month low of $44.73 and a 12 month high of $126.27. The company's fifty day simple moving average is $105.33 and its 200 day simple moving average is $90.94.

International Seaways (NYSE:INSW - Get Free Report) last released 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 business had revenue of $467.29 million for the quarter, compared to analysts' expectations of $406.38 million. During the same period in the prior year, the firm posted $1.02 EPS. The firm's quarterly revenue was up 138.9% on a year-over-year basis. Equities analysts predict 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. Stockholders of record on Thursday, September 10th were given a dividend of $5.05 per share. This represents a $20.20 dividend on an annualized basis and a dividend yield of 18.1%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from International Seaways's previous quarterly dividend of $0.12. International Seaways's payout ratio is presently 129.16%.

Key Stories 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.

Institutional Investors Weigh In On International Seaways

Several large investors have recently made changes to their positions in INSW. BlackRock Inc. purchased a new stake in shares of International Seaways in the second quarter worth about $505,153,000. Dimensional Fund Advisors LP boosted its stake in International Seaways by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,024,755 shares of the transportation company's stock valued at $220,436,000 after buying an additional 52,743 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in International Seaways by 167.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 608,265 shares of the transportation company's stock valued at $44,330,000 after buying an additional 380,931 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in International Seaways by 7.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 414,688 shares of the transportation company's stock valued at $20,133,000 after buying an additional 27,818 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in International Seaways during the 2nd quarter valued at approximately $21,082,000. 67.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. BTIG Research lifted their price target on shares of International Seaways from $100.00 to $130.00 and gave the company a "buy" rating in a report on Friday, September 18th. B. Riley Financial increased their price objective 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. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $107.00 price objective on shares of International Seaways in a research report on Tuesday, September 1st. 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, Zacks Research raised shares of International Seaways from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price 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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