International Seaways (NYSE:INSW) Major Shareholder Finance Ltd Famatown Sells 45,342 Shares of Company Stock

International Seaways Inc. (NYSE:INSW) major shareholder Finance Ltd Famatown sold 45,342 shares of International Seaways stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $92.12, for a total transaction of $4,176,905.04. Following the completion of the transaction, the insider owned 7,254,022 shares of the company’s stock, valued at $668,240,506.64. This represents a 0.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large 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 stock was 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 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 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 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 value 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 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 Down 2.8%

Shares of International Seaways 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. International Seaways Inc. has a 52 week low of $44.73 and a 52 week high of $126.27. The company has a debt-to-equity ratio of 0.27, a quick ratio of 5.76 and a current ratio of 5.94. The company has a fifty day simple moving average of $105.69 and a two-hundred day simple moving average of $91.08. The company has a market capitalization of $5.45 billion, a PE ratio of 7.03, a P/E/G ratio of 0.27 and a beta of -0.14.

International Seaways (NYSE:INSW) last announced its quarterly earnings results on Monday, August 10th. The transportation company reported $5.91 earnings per share for the quarter, beating the consensus estimate 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 net margin of 61.98% and a return on equity of 31.75%. The firm’s quarterly revenue was up 138.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. Equities research analysts predict 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. Stockholders of record on Thursday, September 10th were given a dividend of $5.05 per share. This represents a $20.20 dividend on an annualized basis and a dividend yield of 18.4%. The ex-dividend date of this dividend was Thursday, September 10th. This is a positive change from International Seaways’s previous quarterly dividend of $0.12. International Seaways’s payout ratio is presently 129.16%.

Trending Headlines about 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

Several brokerages recently weighed in on INSW. Zacks Research raised shares of International Seaways from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 7th. Weiss Ratings raised shares of International Seaways from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $107.00 target price on shares of International Seaways in a research report on Tuesday, September 1st. Jefferies Financial Group increased their price target on International Seaways from $100.00 to $108.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, B. Riley Financial raised their price target on International Seaways from $120.00 to $140.00 and gave the company a “buy” rating in a report on Monday, October 5th. One equities research 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 stock. According to MarketBeat, International Seaways currently has a consensus rating of “Buy” and an average target price of $109.80.

Institutional Investors Weigh In On International Seaways

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of International Seaways by 11.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,169 shares of the transportation company’s stock valued at $85,000 after purchasing an additional 118 shares in the last quarter. Allworth Financial LP raised 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 worth $48,000 after buying an additional 118 shares in the last quarter. GAMMA Investing LLC raised 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 worth $353,000 after buying an additional 178 shares in the last quarter. Mather Group LLC. lifted its holdings in 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 buying an additional 200 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in International Seaways by 16.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,074 shares of the transportation company’s stock worth $151,000 after buying an additional 292 shares during the period. 67.29% of the stock is currently owned by hedge funds and other institutional investors.

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.