Overseas Shipholding Group Inc. (NYSE:OSG)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.11 and traded as high as $2.43. Overseas Shipholding Group shares last traded at $2.31, with a volume of 325,907 shares traded.
Separately, ValuEngine cut shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a report on Thursday, July 9th.
The stock has a market cap of $198.61 million, a P/E ratio of 6.79 and a beta of 0.30. The firm’s fifty day moving average price is $2.06 and its two-hundred day moving average price is $2.11. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.64 and a quick ratio of 0.62.
Overseas Shipholding Group (NYSE:OSG) last announced its earnings results on Friday, May 8th. The transportation company reported $0.28 earnings per share (EPS) for the quarter. Overseas Shipholding Group had a net margin of 8.30% and a return on equity of 10.18%. The company had revenue of $100.86 million during the quarter.
In related news, major shareholder Saltchuk Resources, Inc. bought 90,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was bought at an average cost of $1.90 per share, for a total transaction of $171,000.00. Following the completion of the transaction, the insider now owns 11,525,918 shares of the company’s stock, valued at $21,899,244.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Julie Silcock bought 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was bought at an average price of $2.01 per share, with a total value of $100,500.00. Following the completion of the transaction, the director now directly owns 225,174 shares of the company’s stock, valued at approximately $452,599.74. The disclosure for this purchase can be found here. Insiders purchased 1,741,860 shares of company stock valued at $4,137,761 over the last quarter. 2.78% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of OSG. Jane Street Group LLC purchased a new stake in Overseas Shipholding Group during the fourth quarter valued at about $32,000. Cubist Systematic Strategies LLC purchased a new stake in Overseas Shipholding Group during the fourth quarter valued at about $44,000. Assenagon Asset Management S.A. purchased a new stake in Overseas Shipholding Group during the second quarter valued at about $48,000. Diversified Trust Co purchased a new stake in Overseas Shipholding Group during the second quarter valued at about $50,000. Finally, SG Americas Securities LLC boosted its position in Overseas Shipholding Group by 30.2% during the first quarter. SG Americas Securities LLC now owns 26,611 shares of the transportation company’s stock valued at $60,000 after buying an additional 6,175 shares during the period. Institutional investors and hedge funds own 48.99% of the company’s stock.
About Overseas Shipholding Group (NYSE:OSG)
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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