Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Sells $247,500.00 in Stock

Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $4.95, for a total value of $247,500.00. Following the transaction, the chief executive officer now owns 2,443,296 shares in the company, valued at $12,094,315.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Overseas Shipholding Group Trading Down 0.2 %

Shares of Overseas Shipholding Group stock opened at $4.93 on Friday. The stock has a market cap of $356.78 million, a P/E ratio of 7.95 and a beta of 0.48. The stock’s 50 day simple moving average is $4.58 and its 200-day simple moving average is $4.21. Overseas Shipholding Group, Inc. has a 1-year low of $2.65 and a 1-year high of $5.36. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.82 and a quick ratio of 0.80.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings results on Monday, November 6th. The transportation company reported $0.22 EPS for the quarter. The firm had revenue of $115.44 million for the quarter. Overseas Shipholding Group had a net margin of 11.39% and a return on equity of 15.04%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Overseas Shipholding Group in a report on Thursday, October 5th. They set a “strong-buy” rating on the stock.

Institutional Trading of Overseas Shipholding Group

Several institutional investors have recently made changes to their positions in the company. Heron Bay Capital Management raised its position in shares of Overseas Shipholding Group by 19.3% during the 1st quarter. Heron Bay Capital Management now owns 20,686 shares of the transportation company’s stock valued at $81,000 after buying an additional 3,345 shares during the period. Royal Bank of Canada raised its position in shares of Overseas Shipholding Group by 568.3% during the 2nd quarter. Royal Bank of Canada now owns 6,195 shares of the transportation company’s stock valued at $26,000 after buying an additional 5,268 shares during the period. Rhumbline Advisers raised its position in shares of Overseas Shipholding Group by 7.9% during the 3rd quarter. Rhumbline Advisers now owns 77,127 shares of the transportation company’s stock valued at $339,000 after buying an additional 5,626 shares during the period. Brandywine Global Investment Management LLC raised its position in shares of Overseas Shipholding Group by 19.2% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company’s stock valued at $158,000 after buying an additional 5,810 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Overseas Shipholding Group by 0.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,190,525 shares of the transportation company’s stock valued at $2,488,000 after buying an additional 5,950 shares during the period. Hedge funds and other institutional investors own 58.21% of the company’s stock.

About Overseas Shipholding Group

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 and petroleum products in the United States flag trade. As of December 31, 2022, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons.