International Seaways (INSW) 10% Owner Ltd Sells $11M of Stock
Famatown Finance Ltd offloaded a significant stake in International Seaways, Inc. recently.
Reviewed by automated data checks against the source filing. How we make and check alerts
Famatown Finance Ltd, 10% Owner at International Seaways, Inc. ($INSW), sold 100,000 shares at an average price of $111.09, worth about $11.11 million, on September 21, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $INSW is down 0.7% after 1 week and up 0.8% to date (from the $109.10 close on Sep 21, 2026).
INSW
International Seaways, Inc.
Key Points
- Famatown Finance Ltd sold 100,000 shares of International Seaways, Inc. for about $11.1 million on September 21, 2026.
- The stock traded at $112.19 on the day of publication, remaining near its 52-week high of $113.14.
- Analysts maintain a strong buy rating on the stock, with a target price range up to $140.00.
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Famatown Finance Sells Stake
Famatown Finance Ltd sold 100,000 shares of International Seaways, Inc. (NYSE: INSW) on September 21, 2026. The shares were sold at an average price of $111.09, totaling approximately $11.1 million. This transaction adds to a series of recent sales by the firm, reflecting ongoing changes in their holdings.
Recent Insider Activity
In the days leading up to this sale, Famatown Finance has been active in offloading shares. On October 5, they sold another 100,000 shares for about $11.5 million. Just a day before that, they sold 102,000 shares valued at $11.4 million. These transactions suggest a strategic repositioning by the firm, which currently holds 200 shares after these recent sales.
How International Seaways, Inc. Stock Has Traded
As of the latest report, International Seaways' shares were trading at $112.19. The stock has performed well, sitting close to its 52-week high of $113.14, indicating strong market interest. The company has a market capitalization of approximately $5.4 billion and has shown solid revenue growth.
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. This follows similar ratings from other firms, including BTIG, which also has a target of $130. The consensus among analysts remains positive, with a strong buy recommendation and a mean target price of $107.17.
About International Seaways
International Seaways, Inc. operates a fleet of vessels that transport crude oil and petroleum products globally. The company serves various clients, including oil traders and refinery operators, positioning itself strongly in the energy sector.
What's Next for International Seaways
Investors will be watching for the next earnings report scheduled for November 5, 2026. As a reminder, the recent 13F filings reflect the holdings as of the reporting period and may not represent the current positions of institutional investors.
Related Filing Alerts
Source: Famatown Finance Ltd's Form 4 filing on $INSW (Sep 21, 2026). Find the original filing: INSW Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts