Overseas Shipholding Group (NYSE:OSG) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Overseas Shipholding Group (NYSE:OSGFree Report) in a research note released on Saturday. The firm issued a strong-buy rating on the transportation company’s stock.

Overseas Shipholding Group Price Performance

NYSE OSG opened at $8.45 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. Overseas Shipholding Group has a 1 year low of $3.80 and a 1 year high of $8.47. The company has a market cap of $608.65 million, a PE ratio of 10.31 and a beta of 0.38. The stock’s 50-day moving average price is $7.14 and its two-hundred day moving average price is $6.24.

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

Insiders Place Their Bets

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 20,337 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the transaction, the chief executive officer now owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $5.98, for a total value of $121,615.26. Following the transaction, the chief executive officer now owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 2,457,479 shares in the company, valued at approximately $16,563,408.46. The disclosure for this sale can be found here. Corporate insiders own 9.29% of the company’s stock.

Institutional Investors Weigh In On Overseas Shipholding Group

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of Overseas Shipholding Group by 255.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,915 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 4,969 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of Overseas Shipholding Group in the fourth quarter valued at approximately $29,000. Brandywine Global Investment Management LLC lifted its stake in shares of Overseas Shipholding Group by 19.2% in the third quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company’s stock worth $158,000 after buying an additional 5,810 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Overseas Shipholding Group by 24.5% during the 4th quarter. SG Americas Securities LLC now owns 34,607 shares of the transportation company’s stock worth $182,000 after buying an additional 6,802 shares during the period. Finally, Acuitas Investments LLC grew its stake in Overseas Shipholding Group by 2.1% in the 4th quarter. Acuitas Investments LLC now owns 490,674 shares of the transportation company’s stock valued at $2,586,000 after buying an additional 10,063 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Overseas Shipholding Group Company Profile

(Get Free Report)

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.

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