Ajo LP Boosts Holdings in Overseas Shipholding Group Inc. (NYSE:OSG)

AJO LP increased its holdings in Overseas Shipholding Group Inc. (NYSE:OSG) by 5.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,465,387 shares of the transportation company’s stock after acquiring an additional 76,432 shares during the period. AJO LP owned about 1.72% of Overseas Shipholding Group worth $3,356,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new position in Overseas Shipholding Group in the fourth quarter valued at approximately $78,000. SG Americas Securities LLC lifted its position in shares of Overseas Shipholding Group by 226.3% during the fourth quarter. SG Americas Securities LLC now owns 50,167 shares of the transportation company’s stock worth $83,000 after acquiring an additional 34,793 shares in the last quarter. Stone Ridge Asset Management LLC lifted its position in shares of Overseas Shipholding Group by 192.2% during the fourth quarter. Stone Ridge Asset Management LLC now owns 51,946 shares of the transportation company’s stock worth $86,000 after acquiring an additional 34,166 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Overseas Shipholding Group by 42.5% during the fourth quarter. Rhumbline Advisers now owns 83,094 shares of the transportation company’s stock worth $138,000 after acquiring an additional 24,798 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Overseas Shipholding Group by 18.7% during the fourth quarter. First Trust Advisors LP now owns 115,879 shares of the transportation company’s stock worth $192,000 after acquiring an additional 18,264 shares in the last quarter. 55.87% of the stock is owned by institutional investors.

Separately, ValuEngine downgraded Overseas Shipholding Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 4th.

In related news, Chairman Douglas D. Wheat purchased 25,000 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were acquired at an average price of $1.66 per share, for a total transaction of $41,500.00. Following the purchase, the chairman now directly owns 260,885 shares in the company, valued at $433,069.10. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Samuel H. Norton purchased 20,000 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was bought at an average price of $1.70 per share, for a total transaction of $34,000.00. Following the purchase, the chief executive officer now owns 1,207,065 shares in the company, valued at $2,052,010.50. The disclosure for this purchase can be found here. Insiders have bought 145,330 shares of company stock valued at $234,863 over the last quarter. Company insiders own 3.60% of the company’s stock.

OSG traded up $0.01 during trading on Monday, reaching $1.89. The stock had a trading volume of 620,500 shares, compared to its average volume of 414,678. The firm’s 50-day moving average is $1.70. Overseas Shipholding Group Inc. has a one year low of $1.46 and a one year high of $4.05. The stock has a market capitalization of $160.35 million, a PE ratio of 12.53 and a beta of 0.93. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 1.49.

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

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.

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

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