Overseas Shipholding Group (NYSE:OSG) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Overseas Shipholding Group (NYSE:OSG) in a research note released on Monday. The brokerage issued a strong-buy rating on the transportation company’s stock.

Overseas Shipholding Group Price Performance

Shares of NYSE:OSG opened at $8.48 on Monday. The company has a market capitalization of $610.81 million, a P/E ratio of 10.34 and a beta of 0.31. Overseas Shipholding Group has a fifty-two week low of $3.95 and a fifty-two week high of $8.50. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.63 and a current ratio of 0.67. The company’s 50-day moving average is $7.68 and its 200 day moving average is $6.52.

Overseas Shipholding Group (NYSE:OSG) last released 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 for the quarter. Overseas Shipholding Group had a net margin of 14.26% and a return on equity of 18.38%.

Insider Activity

In related news, CEO Samuel H. Norton sold 50,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 2,457,479 shares in the company, valued at $16,563,408.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Samuel H. Norton sold 50,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 2,457,479 shares in the company, valued at $16,563,408.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Samuel H. Norton sold 20,337 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total transaction of $121,615.26. Following the transaction, the chief executive officer now owns 2,537,142 shares in the company, valued at $15,172,109.16. The disclosure for this sale can be found here. Company insiders own 9.29% of the company’s stock.

Institutional Trading of Overseas Shipholding Group

A number of institutional investors have recently made changes to their positions in OSG. Tower Research Capital LLC TRC raised its holdings in Overseas Shipholding Group by 255.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,915 shares of the transportation company’s stock worth $36,000 after purchasing an additional 4,969 shares in the last quarter. New York State Teachers Retirement System bought a new position in Overseas Shipholding Group in the fourth quarter worth $29,000. SG Americas Securities LLC increased its holdings in shares of Overseas Shipholding Group by 24.5% during the fourth quarter. SG Americas Securities LLC now owns 34,607 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 6,802 shares in the last quarter. Acuitas Investments LLC increased its holdings in shares of Overseas Shipholding Group by 2.1% during the fourth quarter. Acuitas Investments LLC now owns 490,674 shares of the transportation company’s stock valued at $2,586,000 after acquiring an additional 10,063 shares in the last quarter. Finally, AJOVista LLC bought a new position in shares of Overseas Shipholding Group during the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

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.