International Seaways (INSW) 10% Owner Ltd Sells $24K of Stock

Recent Insider Activity

On October 8, 2026, Famatown Finance Ltd, a 10% owner of International Seaways, Inc. (NYSE: INSW), sold 200 shares for $23,700. The shares were sold at a price of $118.50 each. This transaction is part of a series of recent sales by Famatown Finance, which has been actively reducing its stake in the company.

Pattern of Sales

Famatown Finance has been selling shares consistently in recent days. Just a day prior, on October 7, the firm sold 61,216 shares for about $7.17 million, and on October 6, it sold 66,738 shares valued at $7.81 million. Earlier in the week, on October 5, it sold 100,000 shares for $11.5 million. This pattern shows that Famatown Finance is strategically trimming its position in International Seaways, although the reasons behind these transactions are not disclosed.

How International Seaways, Inc. Stock Has Traded

As of October 8, 2026, International Seaways shares traded at $112.19, which is close to its 52-week high of $113.14. The stock has seen significant interest lately, likely influenced by its solid fundamentals and the broader energy sector trends. The company's market cap stands at approximately $5.4 billion, and it has a P/E ratio of about 6.98, indicating it is valued reasonably compared to its earnings.

Analysts Set New Price Targets

On October 5, 2026, B. Riley Securities maintained a 'Buy' rating for International Seaways with a price target of $140.00, up from a previous target of $120.00. Similarly, BTIG also kept its 'Buy' rating with a target of $130.00, increased from $100.00 on September 18. These ratings reflect a positive outlook on the stock, supported by the company's strong financial performance and revenue growth.

What International Seaways, Inc. Does

International Seaways, Inc. owns and operates a fleet of vessels that transport crude oil and petroleum products. With a fleet of 70 vessels, the company plays a key role in the energy sector, serving various oil companies and traders. This recent insider activity highlights a significant shift in ownership dynamics, which investors may want to monitor closely.

What to Watch at International Seaways, Inc.

Investors should keep an eye on the upcoming earnings report scheduled for November 5, 2026. The recent insider selling trends and analyst ratings could provide further insights into the company's direction. Remember, Famatown Finance's recent sales reflect its past holdings and may not indicate current positions.