International Seaways (INSW) 10% Owner Ltd Sells $11M of Stock
Famatown Finance Ltd, a 10% owner, sold 100,000 shares of International Seaways, Inc. for about $11.5 million.
Reviewed by automated data checks against the source filing. How we make and check alerts
Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 100,000 shares at an average price of $114.97, worth about $11.50 million, on October 5, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is up 6.5% after 1 week and down 5.7% to date (from the $116.60 close on Oct 5, 2026).
INSW
International Seaways, Inc.
Key Points
- On October 5, 2026, Famatown Finance Ltd sold 100,000 shares of International Seaways, Inc. for $11,496,700.
- The sale occurred at a price of $114.97 per share, while the stock recently traded at $112.19.
- Famatown Finance has been active, selling shares multiple times recently, including transactions worth over $7 million each.
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Famatown Finance Sells a Large Stake
On October 5, 2026, Famatown Finance Ltd sold 100,000 shares of International Seaways, Inc. (NYSE: INSW) for about $11,496,700. This transaction reflects a price of $114.97 per share, which is above the recent trading price of $112.19.
Recent Insider Activity
This is just one of several recent sales by Famatown Finance. On October 6, it sold 66,738 shares for approximately $7.81 million, and on October 7, 200 shares were sold for about $23,700. The total shares sold by Famatown Finance in just the past week amount to over 200,000 shares, indicating a significant amount of insider activity.
How International Seaways, Inc. Stock Has Traded
International Seaways shares are currently trading near their 52-week high of $113.14, having recently closed at $111.15. The stock has shown strong performance, making this sale notable as it comes at a time when the company is valued significantly higher than its 52-week low of $42.26.
Analysts Set New Price Targets
On October 5, 2026, B. Riley Securities maintained a "Buy" rating with a price target of $140. This follows other firms like BTIG, which also maintains a "Buy" rating with a target of $130 as of September 18, 2026. The consensus among analysts suggests a strong outlook for the stock, which has a mean price target of $107.17.
What International Seaways, Inc. Does
International Seaways, Inc. operates a fleet of ships that transport crude oil and petroleum products globally. The company has a diverse fleet and provides various services, making it a key player in the energy sector.
What's Next for International Seaways, Inc.
Investors will be watching for the next earnings report scheduled for November 5, 2026. As this sale reflects past holdings, it may not indicate current positions, but it highlights the ongoing activity by major stakeholders in the company.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (Oct 5, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts