International Seaways (INSW) 10% Owner Ltd Sells $12M of Stock
Famatown Finance Ltd sold 135,000 shares of International Seaways, valued at approximately $11.81 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 135,000 shares at an average price of $87.48, worth about $11.81 million, on May 6, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is down 0.5% after 1 week, down 5.5% after 1 month and up 42.6% to date (from the $77.13 close on May 6, 2026).
INSW
International Seaways, Inc.
Key Points
- On May 6, 2026, Famatown Finance Ltd sold 135,000 shares of International Seaways, Inc. for about $11.81 million.
- The trade price was $87.48 per share, while the stock closed at $112.19 on the day of the sale.
- This sale adds to a series of recent transactions by Famatown Finance, which has sold over 400,000 shares in the past month.
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Famatown Finance's Large Sale of Shares
On May 6, 2026, Famatown Finance Ltd sold 135,000 shares of International Seaways, Inc. (NYSE: INSW) for about $11.81 million. The shares changed hands at a price of $87.48 each, a notable transaction given the stock's closing price of $112.19 on that day.
Recent Activity by Famatown Finance
This sale is part of a string of recent transactions by Famatown Finance. Just days before, the firm sold 200 shares on October 8, 2026, and 61,216 shares on October 7, 2026. The cumulative value of these transactions indicates a significant divestment trend, with the total value of shares sold recently amounting to over $40 million.
How International Seaways, Inc. Stock Has Traded
International Seaways shares have been trading near their 52-week high of $113.14, showing strong performance in the market. The stock has gained attention due to its solid fundamentals, including a P/E ratio of 6.98 and a dividend yield of 7.36%. The recent trades by Famatown Finance suggest a strategic move in response to the stock's current valuation.
Analysts Set New Price Targets
Analysts have maintained a positive outlook on International Seaways, with several firms recently reiterating their Buy ratings. On October 5, 2026, B. Riley Securities maintained a Buy rating with a target price of $140, up from $120. Similarly, BTIG also maintained its Buy rating with a target of $130, reflecting confidence in the company's future performance.
What International Seaways, Inc. Does
International Seaways, Inc. operates a fleet of vessels for transporting crude oil and petroleum products. The company serves a range of clients, including oil companies and traders, and has a significant presence in the oil and gas midstream sector. Famatown Finance's recent sales may reflect a strategic repositioning as the company navigates market conditions.
What's Ahead for International Seaways, Inc.
Investors will be watching for further insider activity and the next earnings report scheduled for November 5, 2026. As a reminder, this sale reflects Famatown Finance's holdings as of the date of the transaction and may not represent their current position.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (May 6, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts