Overseas Shipholding Group (NYSE:OSG) Trading Up 5.7%

Overseas Shipholding Group Inc. (NYSE:OSG)’s stock price was up 5.7% on Thursday . The stock traded as high as $1.86 and last traded at $1.86. Approximately 326,292 shares traded hands during trading, a decline of 20% from the average daily volume of 405,709 shares. The stock had previously closed at $1.76.

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

The stock’s fifty day simple moving average is $1.70. The company has a market cap of $158.65 million, a P/E ratio of 12.40 and a beta of 0.66. 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 (NYSE:OSG) last released its quarterly earnings results on Thursday, May 9th. The transportation company reported $0.04 earnings per share for the quarter. Overseas Shipholding Group had a return on equity of 3.95% and a net margin of 3.69%. The company had revenue of $87.74 million for the quarter.

In other Overseas Shipholding Group news, CEO Samuel H. Norton acquired 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The shares were bought at an average price of $1.70 per share, with a total value of $34,000.00. Following the transaction, the chief executive officer now directly owns 1,207,065 shares of the company’s stock, valued at approximately $2,052,010.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Douglas D. Wheat acquired 25,000 shares of the business’s stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $1.66 per share, for a total transaction of $41,500.00. Following the transaction, the chairman now directly owns 260,885 shares in the company, valued at $433,069.10. The disclosure for this purchase can be found here. Insiders have purchased a total of 145,330 shares of company stock worth $234,863 in the last 90 days. 3.60% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp bought a new position in Overseas Shipholding Group in the 4th quarter valued at $78,000. SG Americas Securities LLC grew its position in 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 acquiring an additional 34,793 shares during the last quarter. Stone Ridge Asset Management LLC grew its position in Overseas Shipholding Group by 192.2% in the 4th quarter. Stone Ridge Asset Management LLC now owns 51,946 shares of the transportation company’s stock valued at $86,000 after acquiring an additional 34,166 shares during the last quarter. Rhumbline Advisers grew its position in 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 acquiring an additional 24,798 shares during the last quarter. Finally, First Trust Advisors LP grew its position in Overseas Shipholding Group by 18.7% in the 4th quarter. First Trust Advisors LP now owns 115,879 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 18,264 shares during the last quarter. 55.87% of the stock is currently owned by institutional investors.

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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