International Seaways (INSW) 10% Owner Ltd Sells $7.2M of Stock

Major Shareholder Offloads INSW Stock

Famatown Finance Ltd, a major 10% owner of International Seaways, Inc. (NYSE: INSW), recently parted with 61,216 shares of the company. The transaction took place on October 7, 2026, at an average price of $117.08 per share. The total value of the shares traded hands reached approximately $7.17 million. This sale follows a long sequence of similar transactions by the same institutional entity over the prior weeks.

A String of Recent Insider Sales

The October 7 transaction forms part of a much larger wave of share disposals by Famatown Finance. Earlier, on October 5, the major owner parted with 100,000 shares for about $11.5 million. The selling continued with 66,738 shares sold on October 6 valued at $7.81 million, followed by a smaller disposal of 200 shares on October 8 worth $23,700. Going back further into September, the entity offloaded 100,000 shares on September 21 and another 102,000 shares on September 22. These repeated sales highlight a continuous reduction of the owner's large stake in the maritime shipping firm.

Stock Valuation and Price Context

International Seaways shares trade near the upper boundary of their 52-week range, sitting at a spot price of $112.19. The stock has climbed significantly over the past year, far outperforming its 50-day moving average of $96.97 and its 200-day moving average of $76.76. The company currently carries a P/E ratio of roughly 7.0 alongside a forward P/E of nearly 16.99. These metrics place the valuation in an interesting spot as executives prepare for the upcoming corporate update.

Dividend and Profitability Overview

Investors in International Seaways receive an annual dividend rate of $8.18 per share, which translates to a dividend yield of 7.36% based on current trading levels. The payout is supported by a conservative dividend payout ratio of 24.94%. On the profitability front, the firm posted strong earnings per share of $15.64 backed by a net profit margin of 61.77% and a return on equity of 37.41% during the relevant reporting periods.

Analysts Set New Price Targets

Wall Street firms remain upbeat about the company's operational trajectory despite the ongoing insider sales. On August 13, Jefferies maintained its buy rating while adjusting its price target to $108.00. Later, on September 18, BTIG kept a buy rating on the equity with a target of $130.00. Most recently, on October 5, B. Riley Securities maintained its buy rating and raised its target from $120.00 to $140.00. Across six analyst opinions, the stock holds a strong buy consensus recommendation with a mean price target of $107.17.

What International Seaways Does

International Seaways, Inc. owns and operates a fleet of oceangoing vessels that transport crude oil and petroleum products across international trade routes. Headquartered in New York, the company manages crude tankers and product carriers ranging from VLCCs down to MR product carriers. It serves independent oil companies, traders, refineries, and governmental entities worldwide.

What's Ahead for International Seaways, Inc.

Market participants will be tracking the company's next financial release, which is scheduled for November 5, 2026. Because insider transactions can occur for many personal or portfolio management reasons, market watchers typically view these filings as just one piece of the broader puzzle alongside upcoming earnings results.