5,529 Shares in Overseas Shipholding Group, Inc. (NYSE:OSG) Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System purchased a new position in Overseas Shipholding Group, Inc. (NYSE:OSG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,529 shares of the transportation company’s stock, valued at approximately $29,000.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its stake in Overseas Shipholding Group by 568.3% in the second quarter. Royal Bank of Canada now owns 6,195 shares of the transportation company’s stock worth $26,000 after purchasing an additional 5,268 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Overseas Shipholding Group in the second quarter worth about $33,000. Stephens Inc. AR acquired a new position in Overseas Shipholding Group in the second quarter worth about $44,000. Shay Capital LLC acquired a new position in Overseas Shipholding Group in the fourth quarter worth about $38,000. Finally, Qube Research & Technologies Ltd acquired a new position in Overseas Shipholding Group in the third quarter worth about $58,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Overseas Shipholding Group Stock Performance

Shares of OSG stock opened at $5.98 on Friday. 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 business has a 50 day moving average of $6.16 and a two-hundred day moving average of $5.49. Overseas Shipholding Group, Inc. has a 52 week low of $3.40 and a 52 week high of $6.74. The company has a market cap of $418.79 million, a P/E ratio of 7.77 and a beta of 0.33.

Overseas Shipholding Group (NYSE:OSG) last issued its earnings results on Monday, March 11th. The transportation company reported $0.26 EPS for the quarter. Overseas Shipholding Group had a return on equity of 17.84% and a net margin of 13.82%. 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 business also recently announced 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 of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 4.01%. Overseas Shipholding Group’s payout ratio is currently 31.17%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Overseas Shipholding Group

In other news, CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction that occurred 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 $15,172,109.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Samuel H. Norton sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $6.28, for a total transaction of $314,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,268,296 shares in the company, valued at $14,244,898.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $5.98, for a total value of $121,615.26. Following the transaction, the chief executive officer now owns 2,537,142 shares of the company’s stock, valued at $15,172,109.16. The disclosure for this sale can be found here. Insiders sold a total of 120,337 shares of company stock worth $738,115 over the last ninety days. Company insiders own 7.97% 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, 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.