Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Sells $121,615.26 in Stock

Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton sold 20,337 shares of the 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 in the company, valued at approximately $15,172,109.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Overseas Shipholding Group Trading Up 0.7 %

Shares of NYSE:OSG traded up $0.04 on Wednesday, hitting $6.01. The company had a trading volume of 171,748 shares, compared to its average volume of 380,726. The firm’s 50-day simple moving average is $6.18 and its two-hundred day simple moving average is $5.47. Overseas Shipholding Group, Inc. has a 1 year low of $3.40 and a 1 year high of $6.74. 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 firm has a market capitalization of $426.41 million, a price-to-earnings ratio of 7.75 and a beta of 0.33.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings results on Monday, March 11th. The transportation company reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $116.02 million during the quarter. Overseas Shipholding Group had a net margin of 13.82% and a return on equity of 17.84%. During the same quarter in the previous year, the business 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. Shareholders of record on Thursday, March 28th were paid a dividend of $0.06 per share. 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 3.99%. Overseas Shipholding Group’s dividend payout ratio is currently 31.17%.

Institutional Trading of Overseas Shipholding Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Overseas Shipholding Group by 6.0% in the third quarter. Bank of New York Mellon Corp now owns 218,726 shares of the transportation company’s stock worth $960,000 after acquiring an additional 12,371 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Overseas Shipholding Group by 74.8% in the third quarter. GSA Capital Partners LLP now owns 333,974 shares of the transportation company’s stock worth $1,466,000 after buying an additional 142,959 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Overseas Shipholding Group by 24.5% in the fourth quarter. SG Americas Securities LLC now owns 34,607 shares of the transportation company’s stock worth $182,000 after buying an additional 6,802 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Overseas Shipholding Group by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,431,176 shares of the transportation company’s stock worth $6,283,000 after buying an additional 9,588 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in shares of Overseas Shipholding Group by 19.2% in the third quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company’s stock worth $158,000 after buying an additional 5,810 shares during the last quarter. 80.92% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of 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.