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

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

Overseas Shipholding Group Trading Down 0.3 %

Shares of Overseas Shipholding Group stock opened at $5.95 on Thursday. The firm has a fifty day moving average price of $6.17 and a 200 day moving average price of $5.47. Overseas Shipholding Group, Inc. has a 1 year low of $3.40 and a 1 year high of $6.74. The stock has a market cap of $422.15 million, a PE ratio of 7.73 and a beta of 0.33. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.68 and a quick ratio of 0.67.

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

Overseas Shipholding Group Dividend Announcement

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Overseas Shipholding Group

Several hedge funds and other institutional investors have recently modified their holdings of OSG. Tower Research Capital LLC TRC raised its stake in Overseas Shipholding Group by 255.3% during 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 during the period. Royal Bank of Canada raised its stake in shares of Overseas Shipholding Group by 568.3% in the 2nd quarter. Royal Bank of Canada now owns 6,195 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 5,268 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Overseas Shipholding Group in the 4th quarter valued at approximately $29,000. Rhumbline Advisers raised its stake in shares of Overseas Shipholding Group by 7.9% in the 3rd quarter. Rhumbline Advisers now owns 77,127 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 5,626 shares during the period. Finally, Brandywine Global Investment Management LLC raised its stake in shares of Overseas Shipholding Group by 19.2% in the 3rd 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 during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.