Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton Sells 20,337 Shares of Stock

Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton sold 20,337 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the transaction, the chief executive officer now directly owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Overseas Shipholding Group Price Performance

OSG stock opened at $5.95 on Thursday. The firm has a 50 day moving average price of $6.17 and a 200-day moving average price of $5.47. Overseas Shipholding Group, Inc. has a 52-week low of $3.40 and a 52-week high of $6.74. The firm has a market capitalization of $422.15 million, a price-to-earnings ratio of 7.73 and a beta of 0.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68.

Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings data on Monday, March 11th. The transportation company reported $0.26 earnings per share for the quarter. Overseas Shipholding Group had a net margin of 13.82% and a return on equity of 17.84%. The company had revenue of $116.02 million during the quarter. During the same quarter in the previous year, the firm earned $0.75 earnings per share.

Overseas Shipholding Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 4.03%. Overseas Shipholding Group’s payout ratio is currently 31.17%.

Hedge Funds Weigh In On Overseas Shipholding Group

A number of hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Overseas Shipholding Group by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,975,645 shares of the transportation company’s stock worth $26,221,000 after acquiring an additional 119,349 shares during the last quarter. BlackRock Inc. raised its holdings in Overseas Shipholding Group by 177.3% in the 2nd quarter. BlackRock Inc. now owns 3,787,548 shares of the transportation company’s stock worth $15,794,000 after acquiring an additional 2,421,456 shares during the last quarter. Vanguard Group Inc. grew its position in Overseas Shipholding Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,020,323 shares of the transportation company’s stock worth $13,259,000 after purchasing an additional 31,344 shares during the period. Janney Montgomery Scott LLC grew its position in Overseas Shipholding Group by 0.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,431,176 shares of the transportation company’s stock worth $6,283,000 after purchasing an additional 9,588 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its position in Overseas Shipholding Group by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,190,525 shares of the transportation company’s stock worth $2,488,000 after purchasing an additional 5,950 shares during the period. 80.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, TheStreet raised Overseas Shipholding Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th.

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, 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.