Overseas Shipholding Group Inc. (NYSE:OSG) CEO Samuel H. Norton acquired 77,252 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of $2.08 per share, with a total value of $160,684.16. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NYSE:OSG opened at $2.31 on Friday. Overseas Shipholding Group Inc. has a 1-year low of $1.46 and a 1-year high of $2.71. The company has a 50-day moving average of $2.02 and a 200 day moving average of $1.92. The firm has a market cap of $189.90 million, a PE ratio of 23.10 and a beta of 1.05. The company has a debt-to-equity ratio of 1.70, a current ratio of 0.36 and a quick ratio of 0.35.
Separately, ValuEngine lowered shares of Overseas Shipholding Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday.
Several hedge funds have recently added to or reduced their stakes in OSG. Jane Street Group LLC purchased a new stake in shares of Overseas Shipholding Group during the fourth quarter valued at about $32,000. Virtu Financial LLC purchased a new stake in shares of Overseas Shipholding Group during the fourth quarter valued at about $42,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Overseas Shipholding Group during the fourth quarter valued at about $44,000. SG Americas Securities LLC purchased a new stake in shares of Overseas Shipholding Group during the fourth quarter valued at about $47,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Overseas Shipholding Group by 212.7% during the third quarter. Russell Investments Group Ltd. now owns 49,351 shares of the transportation company’s stock valued at $86,000 after buying an additional 33,571 shares during the last quarter. 55.13% of the stock is owned by institutional investors and hedge funds.
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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