International Seaways (INSW) 10% Owner Ltd Sells $12M of Stock
Major shareholder Famatown Finance Ltd continued trimming its stake in International Seaways, Inc. with a sale of 150,000 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 150,000 shares at an average price of $82.16, worth about $12.32 million, on May 1, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is up 7.6% after 1 week, down 7.1% after 1 month and up 43.7% to date (from the $76.56 close on May 1, 2026).
INSW
International Seaways, Inc.
Key Points
- Famatown Finance Ltd sold 150,000 shares of International Seaways, Inc. on May 1, 2026, for a total value of roughly $12.3 million.
- The stock trades near its 52-week high of $113.14 as investors look ahead to the company's next earnings report on November 5, 2026.
- Several Wall Street firms keep positive ratings on the energy shipper, carrying a consensus strong buy recommendation.
Get $INSW trade alerts by text
We text you when insiders, Congress or big funds trade $INSW. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated International Seaways, Inc. alert may contain errors. Disclosures
Famatown Finance Sells Additional International Seaways Shares
Major shareholder Famatown Finance Ltd parted with 150,000 shares of International Seaways, Inc. (NYSE: INSW) on May 1, 2026. The transaction carried an average price of $82.16 per share, totaling approximately $12.3 million. This follows a long line of recent sales by the 10% owner throughout late autumn, building on a sequence of divestments that included smaller exits in September and October.
INSW Stock Position and Market Range
The shares trade around $112.19, sitting close to the upper boundary of their 52-week trading span that stretches from a low of $42.26 up to $113.14. With a market capitalization hovering near $5.4 billion, the crude and product tanker operator stays well above its 200-day moving average of $76.76. This price action places the stock near its yearly peak just months before upcoming financial reporting.
Recent Insider Activity at International Seaways
The selling shareholder, Famatown Finance Ltd, has steadily reduced its holdings over the past several weeks. On October 8, 2026, the firm sold 200 shares at an average price of $118.50 for a total of $23,700. Prior to that, the investor offloaded 61,216 shares at $117.08 on October 7, 2026, and 66,738 shares at $117.03 on October 6, 2026. Earlier October and September filings show additional sales of 100,000 shares on October 5, 2026, at $114.97, 102,000 shares on September 22, 2026, at $111.82, and 100,000 shares on September 21, 2026, at $111.09. None of these transactions were reported as part of a Rule 10b5-1 plan.
Wall Street Analyst Views on INSW
Analyst sentiment around the company remains favorable. On October 5, 2026, B. Riley Securities maintained its buy rating while bumping its price target to $140.00 from $120.00. BTIG also kept a buy rating on September 18, 2026, lifting its target to $130.00. Earlier in the year, Jefferies maintained a buy rating with a target of $108.00 on August 13, 2026, while BTIG reaffirmed a buy rating with a target of $100.00 on June 24, 2026. Overall, analysts hold a strong buy consensus with a mean price target of $107.17 across six reporting firms.
What International Seaways Does
International Seaways, Inc. owns and operates a massive fleet of vessels that transport crude oil and petroleum products worldwide. Headquartered in New York, the maritime shipping company manages crude tankers and product carriers, serving independent oil companies, traders, and government entities around the globe.
Looking Ahead for INSW
Market participants will keep a close eye on the company's next earnings release scheduled for November 5, 2026. Insiders and long-term holders continue to adjust their positions as the fleet operator navigates its latest operational quarter.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (May 1, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts