International Seaways (NYSE:INSW) Stock: Insider Finance Ltd Famatown Sells 150,000 Shares

Key Points

• Major shareholder Finance Ltd Famatown sold 150,000 International Seaways shares at an average price of $82.16, generating $12.3 million. It retained 7.5 million shares valued at approximately $616.5 million.
• International Seaways reported quarterly earnings of $5.91 per share, exceeding estimates of $5.55, while revenue rose 138.9% year over year to $467.3 million. The company also declared a $5.05 quarterly dividend, representing an 18% annualized yield.
• Analyst sentiment remains favorable, with the stock carrying a consensus “Buy” rating; B. Riley raised its price target to $140. However, continued major-shareholder selling could create a supply overhang despite the company’s planned Bruton acquisition to expand its VLCC fleet.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 150,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $82.16, for a total value of $12,324,000.00. Following the completion of the transaction, the insider owned 7,503,570 shares in the company, valued at $616,493,311.20. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases 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 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 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 stock was sold at an average price of $90.54, for a total value of $9,454,911.12.

International Seaways Trading Down 1.0%

Shares of NYSE:INSW traded down $1.17 during midday trading on Friday, reaching $111.94. 150,199 shares of the company's stock were exchanged, compared to its average volume of 606,217. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 7.16, a P/E/G ratio of 0.29 and a beta of -0.14. International Seaways Inc. has a fifty-two week low of $44.73 and a fifty-two week high of $126.27. The firm's 50 day simple moving average is $105.33 and its two-hundred day simple moving average is $90.94. The company has a debt-to-equity ratio of 0.27, a current ratio of 5.94 and a quick ratio of 5.76.

International Seaways (NYSE:INSW - Get Free Report) last posted its earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, beating analysts' consensus estimates of $5.55 by $0.36. The company had revenue of $467.29 million for the quarter, compared to analysts' expectations of $406.38 million. International Seaways had a net margin of 61.98% and a return on equity of 31.75%. International Seaways's revenue for the quarter was up 138.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.02 earnings per share. As a group, sell-side analysts forecast that International Seaways Inc. will post 17.08 EPS for the current fiscal year.

International Seaways Increases Dividend

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

Hedge Funds Weigh In On International Seaways

Several institutional investors have recently bought and sold shares of INSW. Quantbot Technologies LP acquired a new position in International Seaways in the 2nd quarter valued at about $28,000. Mather Group LLC. lifted its position 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 purchasing an additional 200 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of International Seaways by 583.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company's stock worth $47,000 after purchasing an additional 822 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of International Seaways during the second quarter worth about $48,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of International Seaways in the second quarter valued at approximately $66,000. 67.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $107.00 target price on shares of International Seaways in a report on Tuesday, September 1st. Weiss Ratings raised International Seaways from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. B. Riley Financial boosted their target price on International Seaways from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, October 5th. Finally, Zacks Research upgraded International Seaways from a "hold" rating to a "strong-buy" rating in a research note 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $109.80.

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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