Overseas Shipholding Group (NYSE:OSG) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Overseas Shipholding Group (NYSE:OSG) in a research note issued on Monday. The brokerage set a “strong-buy” rating on the transportation company’s stock.

Overseas Shipholding Group Price Performance

Overseas Shipholding Group stock opened at $8.49 on Monday. The firm has a market capitalization of $611.53 million, a PE ratio of 10.35 and a beta of 0.31. Overseas Shipholding Group has a 52 week low of $3.95 and a 52 week high of $8.50. The firm’s 50-day simple moving average is $7.72 and its 200 day simple moving average is $6.55. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.93.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings data on Friday, May 10th. The transportation company reported $0.19 earnings per share (EPS) for the quarter. The firm had revenue of $117.50 million during the quarter. Overseas Shipholding Group had a return on equity of 18.38% and a net margin of 14.26%.

Insider Buying and Selling

In related news, CEO Samuel H. Norton sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $6.74, for a total value of $337,000.00. Following the sale, the chief executive officer now directly owns 2,457,479 shares of the company’s stock, valued at $16,563,408.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $6.74, for a total value of $337,000.00. Following the transaction, the chief executive officer now directly owns 2,457,479 shares of the company’s stock, valued at approximately $16,563,408.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, the chief executive officer now directly owns 2,537,142 shares of the company’s stock, valued at approximately $15,172,109.16. The disclosure for this sale can be found here. 9.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Overseas Shipholding Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP lifted its position in Overseas Shipholding Group by 74.8% during the 3rd quarter. GSA Capital Partners LLP now owns 333,974 shares of the transportation company’s stock worth $1,466,000 after acquiring an additional 142,959 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Overseas Shipholding Group by 24.5% in the fourth quarter. SG Americas Securities LLC now owns 34,607 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 6,802 shares during the period. New York State Teachers Retirement System acquired a new stake in Overseas Shipholding Group during the 4th quarter valued at $29,000. Strs Ohio increased its stake in Overseas Shipholding Group by 14.2% during the 4th quarter. Strs Ohio now owns 93,300 shares of the transportation company’s stock worth $491,000 after buying an additional 11,600 shares during the period. Finally, Acuitas Investments LLC increased its stake in Overseas Shipholding Group by 2.1% during the 4th quarter. Acuitas Investments LLC now owns 490,674 shares of the transportation company’s stock worth $2,586,000 after buying an additional 10,063 shares during the period. Institutional investors and hedge funds own 80.92% of the company’s stock.

Overseas Shipholding Group Company Profile

Overseas Shipholding Group, Inc, together with its subsidiaries, owns and operates a fleet of oceangoing vessels in the United States. Its vessels are engaged in the transportation of crude oil, petroleum, and renewable transportation fuels in the United States flag trade. As of December 31, 2023, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons.