International Seaways (NYSE:INSW) Major Shareholder Sells 200 Shares of Company Stock

Key Points

• Major shareholder Famatown Finance sold 200 International Seaways shares at an average of $118.50, worth $23,700. The transaction followed several larger sales in September and October, though Famatown still owns more than 6.7 million shares.
• International Seaways reported quarterly EPS of $5.91, beating estimates, while revenue rose 138.9% year over year to $467.29 million. The company also increased its quarterly dividend to $5.05 per share, implying an annualized yield of about 18.1%.
• Analysts remain broadly positive, with the stock carrying a consensus “Buy” rating; B. Riley recently raised its price target to $140. International Seaways also agreed to acquire a 50.5% stake in Bruton Limited, adding four VLCCs to its fleet.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 200 shares of the company's stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $118.50, for a total value of $23,700.00. Following the completion of the sale, the insider owned 6,704,304 shares in the company, valued at approximately $794,460,024. This represents a 0.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 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 shares were 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 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 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 stock was sold at an average price of $90.54, for a total value of $9,454,911.12.

International Seaways Price Performance

INSW traded down $1.26 on Friday, reaching $111.85. 150,199 shares of the company's stock were exchanged, compared to its average volume of 606,217. International Seaways Inc. has a twelve month low of $44.73 and a twelve month high of $126.27. The stock has a market cap of $5.54 billion, a PE ratio of 7.16, a P/E/G ratio of 0.29 and a beta of -0.14. 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 stock's fifty day moving average price is $105.33 and its 200-day moving average price is $90.94.

International Seaways (NYSE:INSW - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, topping the consensus estimate of $5.55 by $0.36. The business had revenue of $467.29 million for the quarter, compared to analyst estimates of $406.38 million. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The company's quarterly revenue was up 138.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 EPS. Sell-side 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. Stockholders of record on Thursday, September 10th were given a dividend of $5.05 per share. This is a boost from International Seaways's previous quarterly dividend of $0.12. 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. International Seaways's dividend payout ratio is presently 129.16%.

Institutional Trading of International Seaways

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in International Seaways during the 2nd quarter valued at about $505,153,000. Dimensional Fund Advisors LP raised its position 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 worth $220,436,000 after acquiring an additional 52,743 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in 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 acquiring an additional 380,931 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of International Seaways by 7.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 414,688 shares of the transportation company's stock valued at $20,133,000 after purchasing an additional 27,818 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of International Seaways in the second quarter valued at about $21,082,000. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

INSW has been the topic of several recent analyst reports. 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 boosted their price objective on shares of International Seaways from $100.00 to $130.00 and gave the stock a "buy" rating in a research report 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 company a "buy" rating in a report on Monday, October 5th. Zacks Research raised shares of International Seaways from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 7th. Finally, Jefferies Financial Group lifted their price target on shares of International Seaways from $100.00 to $108.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $109.80.

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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