International Seaways (NYSE:INSW) Stock: Insider Finance Ltd Famatown Sells 135,000 Shares

Key Points

• Finance Ltd Famatown sold 135,000 International Seaways shares at an average price of $87.48, generating approximately $11.8 million. The sale reduced its ownership by 1.81%, though it still directly held 7.33 million shares valued at about $641.5 million.
• International Seaways reported quarterly EPS of $5.91, beating estimates of $5.55, while revenue rose 138.9% year over year to $467.3 million. Analysts expect full-year EPS of approximately $17.08.
• The company declared a quarterly dividend of $5.05, equivalent to an annualized yield of about 18%, while institutional investors owned 67.29% of the outstanding shares.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 135,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $87.48, for a total transaction of $11,809,800.00. Following the transaction, the insider directly owned 7,333,320 shares in the company, valued at $641,518,833.60. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 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 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 shares were sold at an average price of $117.08, for a total transaction 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 stock was 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 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.
• 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 value of $9,454,911.12.

International Seaways Price Performance

Shares of NYSE:INSW traded down $1.17 during trading on Friday, reaching $111.94. 150,199 shares of the company traded hands, compared to its average volume of 606,217. The company's 50 day moving average is $105.33 and its two-hundred day moving average is $90.94. The firm has a market capitalization of $5.54 billion, a PE ratio of 7.16, a PEG ratio of 0.29 and a beta of -0.14. The company has a quick ratio of 5.76, a current ratio of 5.94 and a debt-to-equity ratio of 0.27. International Seaways Inc. has a 52 week low of $44.73 and a 52 week high of $126.27.

International Seaways (NYSE:INSW - Get Free Report) last released its earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.55 by $0.36. The company 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%. International Seaways's quarterly revenue was up 138.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 EPS. As a group, sell-side analysts predict that International Seaways Inc. will post 17.08 earnings per share for the current year.

International Seaways Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were paid a $5.05 dividend. This represents a $20.20 dividend on an annualized basis and a yield of 18.0%. This is a boost from International Seaways's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, September 10th. International Seaways's payout ratio is presently 129.16%.

Institutional Investors Weigh In On International Seaways

A number of large investors have recently modified their holdings of INSW. EverSource Wealth Advisors LLC lifted its position in shares of International Seaways by 11.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,169 shares of the transportation company's stock worth $85,000 after buying an additional 118 shares during the last quarter. Allworth Financial LP boosted its stake in International Seaways by 23.4% in the second quarter. Allworth Financial LP now owns 623 shares of the transportation company's stock valued at $48,000 after buying an additional 118 shares in the last quarter. GAMMA Investing LLC boosted its stake in International Seaways by 4.0% in the second quarter. GAMMA Investing LLC now owns 4,606 shares of the transportation company's stock valued at $353,000 after buying an additional 178 shares in the last quarter. Mather Group LLC. grew its position 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. Finally, PNC Financial Services Group Inc. grew its position in International Seaways by 16.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,074 shares of the transportation company's stock valued at $151,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 67.29% of the company's stock.

International Seaways News Summary

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 equities research analysts have issued reports on INSW shares. 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 reissued a "buy" rating and issued a $107.00 target price on shares of International Seaways in a 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 report on Thursday, October 8th. Jefferies Financial Group upped their price target 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, BTIG Research upped their price target on shares of International Seaways from $100.00 to $130.00 and gave the stock a "buy" rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, International Seaways presently has a consensus rating of "Buy" and an average 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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