International Seaways (INSW) 10% Owner Ltd Sells $1.7M of Stock

Famatown Finance Sells Shares

Famatown Finance Ltd sold 15,136 shares of International Seaways, Inc. (NYSE: INSW) for about $1,697,110 on September 18, 2026. The shares were sold at an average price of $112.12. This sale adds to a series of recent transactions by Famatown Finance, which has been actively trimming its stake in the company.

Recent Insider Activity

In recent days, Famatown Finance has made several other notable sales of International Seaways shares. On September 22, it sold 102,000 shares worth approximately $11.4 million. The day before that, on September 21, it sold another 100,000 shares valued at about $11.1 million. These transactions indicate a significant reduction in Famatown's holdings, which could reflect strategic financial decisions.

How International Seaways, Inc. Stock Has Traded

Currently, International Seaways shares are trading at around $112.19, just below its 52-week high of $113.14. The stock has shown strong performance, trading significantly above its 50-day moving average of $96.97. This suggests that the stock has been gaining momentum recently, which may be appealing to investors looking at the company's growth potential.

Analysts Set New Price Targets

Analysts continue to support International Seaways, maintaining a strong buy rating. On October 5, 2026, B. Riley Securities kept its buy rating with a price target raised to $140. BTIG also maintained a buy rating on the same day, increasing its target to $130. Jefferies had previously set a target of $108 on August 13, 2026. The consensus among analysts reflects optimism about the company's future performance.

What International Seaways, Inc. Does

International Seaways, Inc. operates a fleet of oceangoing vessels for transporting crude oil and petroleum products. It serves various clients, including oil companies and government entities. The recent insider sales may indicate a shift in strategy, but the strong analyst ratings suggest confidence in the company's operations.

What's Ahead for International Seaways, Inc.

The next earnings report for International Seaways is set for November 5, 2026. Investors will be watching closely to see how the company's financial performance aligns with analyst expectations. As a reminder, this insider sale reflects Famatown Finance's holdings as of the reporting date and may not represent their current position.