International Seaways (INSW) 10% Owner Ltd Sells $11M of Stock
Famatown Finance Ltd sold 102,000 shares of International Seaways, valued at $11.4 million, on September 22, 2026.
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Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 102,000 shares at an average price of $111.82, worth about $11.41 million, on September 22, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is up 6.0% after 1 week and up 5.8% to date (from the $103.95 close on Sep 22, 2026).
INSW
International Seaways, Inc.
Key Points
- Famatown Finance Ltd sold 102,000 shares of International Seaways, Inc. for about $11.4 million on September 22, 2026.
- The stock closed at $112.19 on the day of the sale, just below its 52-week high of $113.14.
- Analysts maintain a strong buy rating for International Seaways, with a mean price target of $107.17.
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Famatown Finance's Recent Sale
Famatown Finance Ltd sold 102,000 shares of International Seaways, Inc. (NYSE: INSW) for approximately $11.4 million on September 22, 2026. The transaction occurred at an average price of $111.82 per share. This sale marks a significant move for the 10% owner amid a period of active trading for the company.
Timing of the Sale
The sale comes at a time when International Seaways' stock is trading close to its 52-week high of $113.14. The shares closed at $112.19 on the day of the sale, reflecting strong investor interest in the energy sector, particularly in oil and gas midstream operations. The stock has seen considerable activity recently, with several sales by Famatown Finance in the days leading up to this transaction.
Institutional Activity
Famatown Finance has been active in selling its shares of International Seaways. Just a day before this sale, on September 21, 2026, it sold 100,000 shares for about $11.1 million. The firm also sold 66,738 shares on October 6, 2026, and 61,216 shares on October 7, 2026, indicating a trend of reducing its stake in the company. This series of transactions shows a quick succession of sales, which could reflect changing strategies or market conditions.
Analysts Set New Price Targets
Analysts have been optimistic about International Seaways. On October 5, 2026, B. Riley Securities maintained a Buy rating with a price target of $140, up from $120. BTIG also maintained a Buy rating on September 18, 2026, with a target increase to $130 from $100. These ratings suggest that analysts see potential for further growth in the stock despite recent insider selling.
What International Seaways, Inc. Does
International Seaways, Inc. operates a fleet of vessels that transport crude oil and petroleum products globally. It serves various clients, including oil companies and traders. The recent activity by Famatown Finance may signal the company's strategic positioning as it navigates a competitive market.
What's Next for International Seaways
Investors will be watching for the next earnings report on November 5, 2026, which could provide more insights into the company's performance. The recent insider transactions reflect a broader trend in the market, and while Famatown Finance is reducing its holdings, analysts remain confident in the company's prospects. Remember, the filings reflect past holdings and may not represent current positions.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (Sep 22, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts