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

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 200 shares of the stock in a transaction dated Thursday, October 8th. The shares were sold at an average price of $118.50, for a total transaction of $23,700.00. Following the completion of the sale, the insider owned 6,704,304 shares of the company’s stock, 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 can be accessed through the SEC website. Major shareholders that own 10% or more 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 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 transaction 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 shares were 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 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 Stock Performance

Shares of INSW stock traded down $3.12 during trading on Friday, hitting $109.99. The company’s stock had a trading volume of 844,082 shares, compared to its average volume of 807,338. The company has a market cap of $5.45 billion, a PE ratio of 7.03, a P/E/G ratio of 0.27 and a beta of -0.14. 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 business has a fifty day moving average of $105.69 and a 200-day moving average of $91.08. International Seaways Inc. has a 52 week low of $44.73 and a 52 week high of $126.27.

International Seaways (NYSE:INSW) last issued its quarterly 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 during 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%. International Seaways’s revenue was up 138.9% on a year-over-year basis. During the same period last year, the business posted $1.02 earnings per share. As a group, research analysts anticipate that International Seaways Inc. will post 17.08 earnings per share for the current year.

International Seaways Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were paid a $5.05 dividend. This is a boost from International Seaways’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, September 10th. This represents a $20.20 dividend on an annualized basis and a yield of 18.4%. International Seaways’s dividend payout ratio is currently 129.16%.

Hedge Funds Weigh In On International Seaways

Institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. boosted its position in International Seaways by 5.0% during the second quarter. Baird Financial Group Inc. now owns 248,506 shares of the transportation company’s stock worth $19,033,000 after purchasing an additional 11,835 shares during the period. NewEdge Wealth LLC increased its stake in shares of International Seaways by 43.1% in the first quarter. NewEdge Wealth LLC now owns 24,942 shares of the transportation company’s stock worth $1,818,000 after purchasing an additional 7,511 shares in the last quarter. Man Group plc purchased a new position in shares of International Seaways in the second quarter worth about $867,000. Two Sigma Securities LLC purchased a new position in shares of International Seaways in the second quarter worth about $507,000. Finally, Energy Income Partners LLC bought a new stake in shares of International Seaways in the second quarter valued at approximately $4,161,000. 67.29% of the stock is owned by institutional investors.

Key Headlines Impacting International Seaways

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: Fleet expansion announced: International Seaways agreed to acquire Bruton Limited in transactions valuing the target at approximately $370 million. The deal would add four VLCC vessels, including newbuildings, expanding INSW’s crude-oil tanker capacity and potentially increasing future revenue and cash flow. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
• Positive Sentiment: Analyst price-target increase: B. Riley raised its target for INSW to $140, signaling continued confidence in the company’s earnings outlook and tanker-sector prospects. B. Riley lifts target for International Seaways stock to USD 140
• Positive Sentiment: Preliminary third-quarter update: INSW reported preliminary third-quarter net income and revenue and provided earnings guidance ahead of its scheduled November 5 results release. The update gives investors additional visibility into operating performance. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
• Neutral Sentiment: Results date scheduled: International Seaways will release full third-quarter 2026 results before the market opens on November 5, followed by an investor conference call. International Seaways to Announce Third Quarter 2026 Results
• Negative Sentiment: Major shareholder continues selling: Finance Ltd Famatown disclosed sales totaling roughly 228,000 INSW shares from October 5–8 at average prices of about $115–$119, reducing its holdings by approximately 3.3% over those transactions. Although the shareholder still owns more than 6.7 million shares, the repeated selling can raise concerns about near-term supply and insider confidence. SEC ownership filing

Analyst Ratings Changes

A number of research firms have recently commented on INSW. Weiss Ratings upgraded International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Jefferies Financial Group increased their price target on shares of International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. BTIG Research increased their price target on shares of International Seaways from $100.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, September 18th. B. Riley Financial raised their price objective on shares of International Seaways from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, October 5th. Finally, Zacks Research upgraded shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average 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.