Insider Buying: Overseas Shipholding Group Inc. (NYSE:OSG) Major Shareholder Purchases $3,366,791.25 in Stock

Overseas Shipholding Group Inc. (NYSE:OSG) major shareholder Saltchuk Resources, Inc. purchased 1,352,125 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were acquired at an average price of $2.49 per share, with a total value of $3,366,791.25. Following the purchase, the insider now owns 13,280,865 shares of the company’s stock, valued at $33,069,353.85. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saltchuk Resources, Inc. also recently made the following trade(s):

  • On Monday, July 13th, Saltchuk Resources, Inc. acquired 45,671 shares of Overseas Shipholding Group stock. The shares were purchased at an average cost of $2.00 per share, with a total value of $91,342.00.
  • On Thursday, July 9th, Saltchuk Resources, Inc. acquired 204,064 shares of Overseas Shipholding Group stock. The shares were purchased at an average cost of $2.00 per share, with a total value of $408,128.00.
  • On Monday, July 6th, Saltchuk Resources, Inc. acquired 90,000 shares of Overseas Shipholding Group stock. The shares were purchased at an average cost of $1.90 per share, with a total value of $171,000.00.

NYSE OSG opened at $2.27 on Monday. The firm has a market cap of $195.17 million, a price-to-earnings ratio of 6.68 and a beta of 0.30. The company has a 50 day moving average of $2.06 and a 200-day moving average of $2.11. The company has a current ratio of 0.64, a quick ratio of 0.62 and a debt-to-equity ratio of 1.67. Overseas Shipholding Group Inc. has a 1-year low of $1.51 and a 1-year high of $2.81.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings results on Friday, May 8th. The transportation company reported $0.28 earnings per share for the quarter. The business had revenue of $100.86 million during the quarter. Overseas Shipholding Group had a net margin of 8.30% and a return on equity of 10.18%.

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Overseas Shipholding Group by 9.5% in the first quarter. Geode Capital Management LLC now owns 876,272 shares of the transportation company’s stock valued at $1,989,000 after purchasing an additional 75,998 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Overseas Shipholding Group by 321.3% in the first quarter. Citigroup Inc. now owns 28,495 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 21,731 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Overseas Shipholding Group by 10.5% in the first quarter. Wells Fargo & Company MN now owns 166,811 shares of the transportation company’s stock valued at $378,000 after acquiring an additional 15,868 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Overseas Shipholding Group by 22.8% in the first quarter. Nuveen Asset Management LLC now owns 257,698 shares of the transportation company’s stock valued at $585,000 after acquiring an additional 47,920 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Overseas Shipholding Group in the fourth quarter valued at approximately $44,000. 48.99% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine lowered shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a report on Thursday, July 9th.

About Overseas Shipholding Group

Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2018, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 900,000 deadweight tons.

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Insider Buying and Selling by Quarter for Overseas Shipholding Group (NYSE:OSG)

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