Key Points
- Major shareholder Finance Ltd Famatown sold 15,136 International Seaways shares at an average price of $112.12, generating approximately $1.70 million. The sale reduced its position by 0.21%, though it still owns more than 7.1 million shares.
- International Seaways reported strong quarterly results, with EPS of $5.91 beating estimates and revenue rising 138.9% year over year to $467.29 million. Shares traded down 2.8% to $109.99 despite the company’s solid profitability and balance-sheet metrics.
- The company increased its quarterly dividend to $5.05 per share, implying an annualized yield of 18.4%, while analysts maintained a generally bullish outlook with a consensus “Buy” rating and price targets reaching as high as $140.
International Seaways Inc. (NYSE:INSW - Get Free Report) major shareholder Finance Ltd Famatown sold 200 shares of International Seaways stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $118.50, for a total transaction of $23,700.00. Following the completion of the transaction, the insider owned 6,704,304 shares of the company's stock, valued at $794,460,024. This represents a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Finance Ltd Famatown also recently made the following trade(s):
- On Wednesday, October 7th, Finance Ltd Famatown sold 61,216 shares of International Seaways stock. The shares were sold at an average price of $117.08, for a total transaction of $7,167,169.28.
- On Tuesday, October 6th, Finance Ltd Famatown sold 66,738 shares of International Seaways stock. The stock was sold at an average price of $117.03, for a total value of $7,810,348.14.
- On Monday, October 5th, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The stock was sold at an average price of $114.97, for a total value of $11,497,000.00.
- On Tuesday, September 22nd, Finance Ltd Famatown sold 102,000 shares of International Seaways stock. The stock was sold at an average price of $111.82, for a total value of $11,405,640.00.
- On Monday, September 21st, Finance Ltd Famatown sold 100,000 shares of International Seaways stock. The shares were sold at an average price of $111.09, for a total value of $11,109,000.00.
- On Friday, September 18th, Finance Ltd Famatown sold 15,136 shares of International Seaways stock. The shares were sold at an average price of $112.12, for a total value of $1,697,048.32.
- On Wednesday, July 22nd, Finance Ltd Famatown sold 104,428 shares of International Seaways stock. The shares were sold at an average price of $90.54, for a total value of $9,454,911.12.
International Seaways Stock Performance
Shares of NYSE:INSW traded down $3.12 during midday trading on Friday, reaching $109.99. 844,082 shares of the company traded hands, compared to its average volume of 807,338. The firm's fifty day moving average price is $105.69 and its two-hundred day moving average price is $91.08. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 0.27 and a beta of -0.14. The company has a quick ratio of 5.76, a current ratio of 5.94 and a debt-to-equity ratio of 0.27. International Seaways Inc. has a 12 month low of $44.73 and a 12 month high of $126.27.
International Seaways (NYSE:INSW - Get Free Report) last issued its earnings results on Monday, August 10th. The transportation company reported $5.91 EPS for the quarter, topping the consensus estimate of $5.55 by $0.36. International Seaways had a return on equity of 31.75% and a net margin of 61.98%. The business had revenue of $467.29 million during the quarter, compared to the consensus estimate of $406.38 million. During the same quarter last year, the company earned $1.02 EPS. The firm's revenue was up 138.9% compared to the same quarter last year. On average, equities analysts expect that International Seaways Inc. will post 17.08 earnings per share for the current year.
International Seaways Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were given a dividend of $5.05 per share. This is a boost from International Seaways's previous quarterly dividend of $0.12. This represents a $20.20 annualized dividend and a dividend yield of 18.4%. The ex-dividend date was Thursday, September 10th. International Seaways's dividend payout ratio (DPR) is currently 129.16%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of INSW. Quantbot Technologies LP purchased a new position in International Seaways in the 2nd quarter worth approximately $28,000. Mather Group LLC. increased its holdings in shares of International Seaways by 100.0% in the 3rd quarter. Mather Group LLC. now owns 400 shares of the transportation company's stock worth $44,000 after buying an additional 200 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of International Seaways by 583.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 963 shares of the transportation company's stock valued at $47,000 after buying an additional 822 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of International Seaways during the 2nd quarter valued at $48,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of International Seaways during the 2nd quarter worth $66,000. 67.29% of the stock is currently owned by institutional investors.
Trending Headlines about International Seaways
Here are the key news stories impacting International Seaways this week:
- Positive Sentiment: Fleet expansion announced: International Seaways agreed to acquire Bruton Limited in transactions valuing the target at approximately $370 million. The deal would add four VLCC vessels, including newbuildings, expanding INSW’s crude-oil tanker capacity and potentially increasing future revenue and cash flow. International Seaways Expands VLCC Fleet Through Strategic Combination with Bruton Limited
- Positive Sentiment: Analyst price-target increase: B. Riley raised its target for INSW to $140, signaling continued confidence in the company’s earnings outlook and tanker-sector prospects. B. Riley lifts target for International Seaways stock to USD 140
- Positive Sentiment: Preliminary third-quarter update: INSW reported preliminary third-quarter net income and revenue and provided earnings guidance ahead of its scheduled November 5 results release. The update gives investors additional visibility into operating performance. International Seaways Reports Preliminary Q3 Net Income, Revenue; Plans Acquisition of Bruton
- Neutral Sentiment: Results date scheduled: International Seaways will release full third-quarter 2026 results before the market opens on November 5, followed by an investor conference call. International Seaways to Announce Third Quarter 2026 Results
- Negative Sentiment: Major shareholder continues selling: Finance Ltd Famatown disclosed sales totaling roughly 228,000 INSW shares from October 5–8 at average prices of about $115–$119, reducing its holdings by approximately 3.3% over those transactions. Although the shareholder still owns more than 6.7 million shares, the repeated selling can raise concerns about near-term supply and insider confidence. SEC ownership filing
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on INSW shares. B. Riley Financial raised their price objective on shares of International Seaways from $120.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $107.00 price objective on shares of International Seaways in a research note on Tuesday, September 1st. Weiss Ratings raised shares of International Seaways from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Jefferies Financial Group upped their target price on shares of International Seaways from $100.00 to $108.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Finally, BTIG Research increased their target price on shares of International Seaways from $100.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $109.80.
Read Our Latest Analysis on INSW
International Seaways Company Profile
(
Get Free Report)
International Seaways, Inc (NYSE: INSW) is a maritime transportation company that owns and operates oceangoing tankers. The company transports crude oil, refined petroleum products and other liquid cargoes for energy producers, commodity traders, refiners and other customers worldwide.
Its fleet includes crude-oil tankers serving major international trade routes, as well as product tankers used to move gasoline, diesel, jet fuel and other refined petroleum products. International Seaways employs a combination of time-charter, voyage-charter and pool arrangements to market its vessels and provide transportation services.
International Seaways was established in 2016 through the separation of the international tanker business from Overseas Shipholding Group.
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