International Seaways (INSW) 10% Owner Ltd Sells $4.2M of Stock
Famatown Finance Ltd has sold over 45,000 shares of International Seaways, Inc. in a recent transaction.
Reviewed by automated data checks against the source filing. How we make and check alerts
Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 45,342 shares at an average price of $92.12, worth about $4.18 million, on May 11, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is down 4.9% after 1 week, down 7.9% after 1 month and up 36.4% to date (from the $80.67 close on May 11, 2026).
INSW
International Seaways, Inc.
Key Points
- On May 11, 2026, Famatown Finance Ltd sold 45,342 shares of International Seaways, Inc. for approximately $4.18 million at a price of $92.12 per share.
- The stock is currently trading at $112.19, significantly above its recent selling price, which could indicate a potential profit margin for future trades.
- Famatown Finance Ltd, a 10% owner, has been actively selling shares in recent weeks, including several large transactions totaling over $29 million.
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Famatown Finance's Recent Sale
Famatown Finance Ltd sold 45,342 shares of International Seaways, Inc. (NYSE: INSW) on May 11, 2026, for about $4,176,950.38. This sale reflects Famatown's ongoing strategy of offloading its stake in the company, which has been evident in recent transactions.
Ongoing Share Sales by Famatown Finance
This latest sale is part of a series of transactions by Famatown Finance. In the past weeks, the firm has sold shares multiple times, with significant amounts including 200 shares on October 8 for $23,700, and 100,000 shares on October 5 for about $11.5 million. The cumulative value of shares sold recently exceeds $29 million, suggesting a substantial reduction in their ownership.
How International Seaways, Inc. Stock Has Traded
As of May 11, 2026, International Seaways' stock is trading at $112.19, which is notably higher than the price at which Famatown sold its shares. The company has seen its stock price fluctuate between a 52-week low of $42.26 and a high of $113.14. This strong performance may indicate a favorable outlook in the oil and gas midstream sector.
Recent Earnings
International Seaways, Inc. reported revenue of approximately $1.26 billion, with a net margin of 61.77%. The company's next earnings report is scheduled for November 5, 2026, which could provide further insights into its financial health.
Insider Buying and Selling at International Seaways, Inc.
Famatown Finance Ltd, in its role as a 10% owner, has been active in selling shares. Recent transactions include selling 61,216 shares on October 7 for $7.17 million and 66,738 shares on October 6 for approximately $7.81 million. These consistent sales show a strategic move by the firm to reduce its holdings in the company.
Analysts Set New Price Targets
Analysts remain optimistic about International Seaways, with firms like B. Riley Securities and BTIG maintaining a 'Buy' rating. On October 5, B. Riley raised its price target to $140, up from $120, indicating confidence in the company's future performance. The consensus recommendation is a strong buy, with a mean price target of $107.17 based on six analyst opinions.
What International Seaways, Inc. Does
International Seaways, Inc. operates a fleet of vessels for transporting crude oil and petroleum products globally. The company is well-positioned in the oil and gas midstream industry, which may benefit from rising demand in the sector.
What's Next for International Seaways, Inc.
Investors should keep an eye on the upcoming earnings report in November, as well as any further insider transactions from Famatown Finance. The recent 13F filings reflect past positions and may not represent current holdings, which adds a layer of uncertainty to future stock movements.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (May 11, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts