Overseas Shipholding Group (NYSE:OSG) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Overseas Shipholding Group (NYSE:OSG) in a research report report published on Sunday morning. The brokerage issued a strong-buy rating on the transportation company’s stock.

Overseas Shipholding Group Price Performance

Shares of NYSE OSG opened at $8.47 on Friday. The stock has a 50 day moving average of $7.53 and a two-hundred day moving average of $6.43. The stock has a market cap of $610.09 million, a P/E ratio of 10.33 and a beta of 0.38. Overseas Shipholding Group has a twelve month low of $3.89 and a twelve month high of $8.48. 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 (NYSE:OSG) last posted its quarterly earnings data on Friday, May 10th. The transportation company reported $0.19 earnings per share for the quarter. The company 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 company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $6.74, for a total transaction of $337,000.00. Following the transaction, the chief executive officer now owns 2,457,479 shares of the company’s stock, valued at $16,563,408.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 20,337 shares of Overseas Shipholding Group stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $5.98, for a total transaction of $121,615.26. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Samuel H. Norton sold 50,000 shares of Overseas Shipholding Group 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 transaction, the chief executive officer now owns 2,457,479 shares of the company’s stock, valued at $16,563,408.46. The disclosure for this sale can be found here. 9.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Overseas Shipholding Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Overseas Shipholding Group by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,975,645 shares of the transportation company’s stock valued at $26,221,000 after purchasing an additional 119,349 shares in the last quarter. Brightline Capital Management LLC acquired a new position in Overseas Shipholding Group in the 4th quarter valued at $2,951,000. Acuitas Investments LLC lifted its stake in shares of 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 purchasing an additional 10,063 shares during the period. Empowered Funds LLC increased its stake in Overseas Shipholding Group by 8.2% in the first quarter. Empowered Funds LLC now owns 370,115 shares of the transportation company’s stock valued at $2,369,000 after purchasing an additional 27,990 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Overseas Shipholding Group by 74.8% in the third quarter. GSA Capital Partners LLP now owns 333,974 shares of the transportation company’s stock valued at $1,466,000 after purchasing an additional 142,959 shares during the last quarter. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

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.