Shares of Overseas Shipholding Group, Inc. (NYSE:OSG) were up 1.5% during trading on Monday . The stock traded as high as $3.04 and last traded at $2.78. Approximately 401,000 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 565,499 shares. The stock had previously closed at $2.74.
Separately, ValuEngine cut shares of Overseas Shipholding Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th.
The company has a market cap of $208.62, a P/E ratio of 3.61 and a beta of 2.04. The company has a quick ratio of 2.26, a current ratio of 2.38 and a debt-to-equity ratio of 1.62.
Overseas Shipholding Group (NYSE:OSG) last released its earnings results on Thursday, November 9th. The transportation company reported ($0.07) EPS for the quarter. Overseas Shipholding Group had a positive return on equity of 26.01% and a negative net margin of 66.23%. The firm had revenue of $93.27 million during the quarter. During the same period in the prior year, the firm earned ($0.59) earnings per share.
In related news, CEO Samuel H. Norton acquired 20,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $2.00 per share, with a total value of $40,000.00. Following the purchase, the chief executive officer now directly owns 125,531 shares of the company’s stock, valued at $251,062. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Samuel H. Norton acquired 32,800 shares of the stock in a transaction dated Friday, August 25th. The shares were bought at an average cost of $2.02 per share, with a total value of $66,256.00. Following the completion of the purchase, the insider now directly owns 125,531 shares in the company, valued at $253,572.62. The disclosure for this purchase can be found here. Insiders have bought a total of 55,600 shares of company stock valued at $111,912 over the last three months.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its stake in shares of Overseas Shipholding Group by 334.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 176,041 shares of the transportation company’s stock valued at $680,000 after buying an additional 135,534 shares during the period. Vanguard Group Inc. grew its stake in shares of Overseas Shipholding Group by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,361,063 shares of the transportation company’s stock valued at $12,973,000 after buying an additional 10,679 shares during the period. Bank of America Corp DE grew its stake in shares of Overseas Shipholding Group by 4,002.0% during the 1st quarter. Bank of America Corp DE now owns 218,474 shares of the transportation company’s stock valued at $843,000 after buying an additional 213,148 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Overseas Shipholding Group by 106.8% during the 1st quarter. Bank of New York Mellon Corp now owns 287,659 shares of the transportation company’s stock valued at $1,111,000 after buying an additional 148,566 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in shares of Overseas Shipholding Group during the 2nd quarter valued at $130,000. 61.12% of the stock is owned by institutional investors.
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About Overseas Shipholding Group
Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.
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