Acadian Asset Management LLC Buys 71,634 Shares of Overseas Shipholding Group Inc. (NYSE:OSG)

Acadian Asset Management LLC lifted its holdings in Overseas Shipholding Group Inc. (NYSE:OSG) by 12.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 633,412 shares of the transportation company’s stock after purchasing an additional 71,634 shares during the quarter. Acadian Asset Management LLC owned 0.74% of Overseas Shipholding Group worth $1,450,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Overseas Shipholding Group by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 720,586 shares of the transportation company’s stock valued at $2,270,000 after buying an additional 30,202 shares during the period. Vanguard Group Inc. increased its stake in shares of Overseas Shipholding Group by 10.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,864,210 shares of the transportation company’s stock valued at $9,022,000 after buying an additional 266,845 shares during the period. Vanguard Group Inc increased its stake in shares of Overseas Shipholding Group by 10.3% in the 3rd quarter. Vanguard Group Inc now owns 2,864,210 shares of the transportation company’s stock valued at $9,022,000 after buying an additional 266,845 shares during the period. Rhumbline Advisers increased its stake in shares of Overseas Shipholding Group by 42.5% in the 4th quarter. Rhumbline Advisers now owns 83,094 shares of the transportation company’s stock valued at $138,000 after buying an additional 24,798 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Overseas Shipholding Group by 226.3% in the 4th quarter. SG Americas Securities LLC now owns 50,167 shares of the transportation company’s stock valued at $83,000 after buying an additional 34,793 shares during the period. Institutional investors and hedge funds own 55.87% of the company’s stock.

Shares of NYSE OSG traded up $0.02 during midday trading on Friday, hitting $1.88. The stock had a trading volume of 1,306,345 shares, compared to its average volume of 308,095. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.77 and a current ratio of 0.78. Overseas Shipholding Group Inc. has a fifty-two week low of $1.46 and a fifty-two week high of $4.05. The stock has a 50-day simple moving average of $1.70. The stock has a market cap of $158.65 million, a price-to-earnings ratio of 12.40 and a beta of 0.66.

Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings data on Thursday, May 9th. The transportation company reported $0.04 EPS for the quarter. Overseas Shipholding Group had a return on equity of 3.95% and a net margin of 3.69%. The business had revenue of $87.74 million during the quarter.

Separately, ValuEngine raised Overseas Shipholding Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 22nd.

In other Overseas Shipholding Group news, Chairman Douglas D. Wheat bought 25,000 shares of Overseas Shipholding Group stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $1.66 per share, for a total transaction of $41,500.00. Following the completion of the acquisition, the chairman now owns 260,885 shares in the company, valued at approximately $433,069.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Samuel H. Norton bought 20,000 shares of Overseas Shipholding Group stock in a transaction on Friday, May 24th. The shares were acquired at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,207,065 shares of the company’s stock, valued at approximately $2,052,010.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 145,330 shares of company stock valued at $234,863. 3.60% of the stock is owned by insiders.

Overseas Shipholding Group Company Profile

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.

Recommended Story: Return on Investment (ROI)

Institutional Ownership by Quarter for Overseas Shipholding Group (NYSE:OSG)

Receive News & Ratings for Overseas Shipholding Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overseas Shipholding Group and related companies with MarketBeat.com's FREE daily email newsletter.