International Seaways (NYSE:INSW) Stock: Insider Finance Ltd Famatown Sells 156,924 Shares

Key Points

• Finance Ltd Famatown sold 156,924 International Seaways shares at an average price of $81.28, generating approximately $12.75 million. The sale reduced its position by 2.01%, though it still held 7.65 million shares valued at about $622.1 million.
• International Seaways reported strong operating results, with quarterly EPS of $5.91 exceeding estimates and revenue rising 138.9% year over year to $467.29 million. The company also increased its quarterly dividend to $5.05 per share, implying an 18.0% yield.
• Investors are weighing growth initiatives and continued shareholder selling: the company agreed to acquire a 50.5% stake in Bruton Limited to add four VLCCs, while B. Riley raised its price target to $140; repeated Famatown sales may create an overhang.

International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 156,924 shares of International Seaways stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $81.28, for a total value of $12,754,782.72. Following the completion of the sale, the insider directly owned 7,653,570 shares of the company's stock, valued at approximately $622,082,169.60. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 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 stock was 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 stock was 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 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 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 Stock Down 1.0%

Shares of INSW traded down $1.17 during midday trading on Friday, reaching $111.94. 150,199 shares of the company were exchanged, compared to its average volume of 606,217. The stock has a 50-day moving average price of $105.33 and a 200-day moving average price of $90.94. The company 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 1-year low of $44.73 and a 1-year high of $126.27. The company has a current ratio of 5.94, a quick ratio of 5.76 and a debt-to-equity ratio of 0.27.

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

International Seaways Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a dividend of $5.05 per share. This is an increase 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 18.0%. The ex-dividend date was Thursday, September 10th. International Seaways's payout ratio is 129.16%.

International Seaways News Roundup

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.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $107.00 price target on shares of International Seaways in a report on Tuesday, September 1st. Weiss Ratings upgraded International Seaways from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Jefferies Financial Group upped their target price on International Seaways from $100.00 to $108.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. Zacks Research upgraded International Seaways from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 7th. Finally, BTIG Research raised their price target 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. One investment 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $109.80.

Institutional Investors Weigh In On International Seaways

Institutional investors have recently modified their holdings of the stock. Baird Financial Group Inc. lifted its holdings in International Seaways by 5.0% during the 2nd quarter. Baird Financial Group Inc. now owns 248,506 shares of the transportation company's stock worth $19,033,000 after buying an additional 11,835 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of International Seaways by 43.1% in the 1st quarter. NewEdge Wealth LLC now owns 24,942 shares of the transportation company's stock valued at $1,818,000 after acquiring an additional 7,511 shares during the last quarter. Man Group plc bought a new stake in shares of International Seaways in the 2nd quarter valued at approximately $867,000. Two Sigma Securities LLC bought a new stake in shares of International Seaways in the 2nd quarter valued at approximately $507,000. Finally, Energy Income Partners LLC acquired a new stake in shares of International Seaways during the 2nd quarter valued at approximately $4,161,000. Institutional investors and hedge funds own 67.29% of the company's stock.

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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