Overseas Shipholding Group (NYSE:OSG) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Overseas Shipholding Group (NYSE:OSG) in a research note issued on Monday. The firm set a “strong-buy” rating on the transportation company’s stock.

Overseas Shipholding Group Stock Up 0.1 %

Shares of NYSE:OSG opened at $8.48 on Monday. Overseas Shipholding Group has a 1 year low of $3.95 and a 1 year high of $8.50. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.67 and a quick ratio of 0.63. The business’s 50-day moving average is $7.63 and its 200-day moving average is $6.50. The company has a market capitalization of $610.81 million, a price-to-earnings ratio of 10.34 and a beta of 0.38.

Overseas Shipholding Group (NYSE:OSG) last issued its earnings results on Friday, May 10th. The transportation company reported $0.19 earnings per share for the quarter. Overseas Shipholding Group had a return on equity of 18.38% and a net margin of 14.26%. The company had revenue of $117.50 million for the quarter.

Insider Buying and Selling at Overseas Shipholding Group

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

Hedge Funds Weigh In On Overseas Shipholding Group

A number of large investors have recently bought and sold shares of the stock. Acuitas Investments LLC raised its stake in Overseas Shipholding Group by 2.1% in the fourth quarter. Acuitas Investments LLC now owns 490,674 shares of the transportation company’s stock worth $2,586,000 after buying an additional 10,063 shares in the last quarter. Brightline Capital Management LLC bought a new stake in Overseas Shipholding Group in the 4th quarter worth approximately $2,951,000. LSV Asset Management purchased a new stake in Overseas Shipholding Group during the fourth quarter valued at $768,000. New York State Teachers Retirement System purchased a new stake in shares of Overseas Shipholding Group during the 4th quarter valued at about $29,000. Finally, Semanteon Capital Management LP bought a new position in Overseas Shipholding Group in the fourth quarter worth approximately $234,000. 80.92% of the stock is 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.