Overseas Shipholding Group (NYSE:OSG) Hits New 52-Week High at $8.50

Overseas Shipholding Group, Inc. (NYSE:OSG)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $8.50 and last traded at $8.49, with a volume of 330388 shares. The stock had previously closed at $8.49.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Overseas Shipholding Group in a research note on Monday. They set a “strong-buy” rating for the company.

Overseas Shipholding Group Price Performance

The business’s 50 day moving average is $7.82 and its 200 day moving average is $6.58. The company has a market cap of $611.53 million, a P/E ratio of 10.35 and a beta of 0.31. 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 posted its quarterly earnings data on Friday, May 10th. The transportation company reported $0.19 EPS for the quarter. The business had revenue of $117.50 million during the quarter. Overseas Shipholding Group had a net margin of 14.26% and a return on equity of 18.38%.

Insider Activity

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

Hedge Funds Weigh In On Overseas Shipholding Group

Several large investors have recently made changes to their positions in OSG. Brightline Capital Management LLC bought a new stake in Overseas Shipholding Group in the fourth quarter valued at $2,951,000. LSV Asset Management acquired a new stake in shares of Overseas Shipholding Group in the 4th quarter valued at about $768,000. GSA Capital Partners LLP grew its stake in shares of 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. Dimensional Fund Advisors LP lifted its position in Overseas Shipholding Group by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,975,645 shares of the transportation company’s stock worth $26,221,000 after buying an additional 119,349 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Overseas Shipholding Group by 124.0% during the fourth quarter. BNP Paribas Financial Markets now owns 145,138 shares of the transportation company’s stock valued at $765,000 after purchasing an additional 80,349 shares during the last quarter. Institutional investors own 80.92% of the company’s stock.

About Overseas Shipholding Group

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.