LSV Asset Management Purchases Shares of 145,800 Overseas Shipholding Group, Inc. (NYSE:OSG)

LSV Asset Management bought a new stake in Overseas Shipholding Group, Inc. (NYSE:OSG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 145,800 shares of the transportation company’s stock, valued at approximately $768,000. LSV Asset Management owned approximately 0.20% of Overseas Shipholding Group at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. New York State Teachers Retirement System bought a new stake in shares of Overseas Shipholding Group in the 4th quarter worth approximately $29,000. SG Americas Securities LLC bought a new stake in shares of Overseas Shipholding Group in the 3rd quarter worth approximately $122,000. Brandywine Global Investment Management LLC raised its holdings in shares of Overseas Shipholding Group by 19.2% during the third quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 5,810 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Overseas Shipholding Group by 67.5% in the third quarter. WINTON GROUP Ltd now owns 41,833 shares of the transportation company’s stock worth $184,000 after acquiring an additional 16,861 shares during the period. Finally, Semanteon Capital Management LP bought a new stake in Overseas Shipholding Group in the fourth quarter valued at $234,000. 80.92% of the stock is currently owned by institutional investors.

Overseas Shipholding Group Stock Performance

Overseas Shipholding Group stock opened at $6.86 on Friday. Overseas Shipholding Group, Inc. has a twelve month low of $3.59 and a twelve month high of $6.90. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. The stock’s 50 day moving average is $6.17 and its 200 day moving average is $5.66. The company has a market capitalization of $480.41 million, a P/E ratio of 8.91 and a beta of 0.39.

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

Overseas Shipholding Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 3.50%. Overseas Shipholding Group’s payout ratio is 31.17%.

Insider Buying and Selling at Overseas Shipholding Group

In other news, CEO Samuel H. Norton sold 50,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $6.05, for a total transaction of $302,500.00. Following the sale, the chief executive officer now directly owns 2,352,388 shares in the company, valued at approximately $14,231,947.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Samuel H. Norton sold 50,000 shares of Overseas Shipholding Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $6.05, for a total value of $302,500.00. Following the completion of the transaction, the chief executive officer now owns 2,352,388 shares in the company, valued at $14,231,947.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Samuel H. Norton sold 20,337 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, 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. In the last ninety days, insiders have sold 120,337 shares of company stock worth $738,115. Insiders own 7.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, TheStreet raised Overseas Shipholding Group from a “c” rating to a “b-” rating in a research report 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.