Insider Selling: Overseas Shipholding Group, Inc. (NYSE:OSG) Chairman Sells 143,000 Shares of Stock

Overseas Shipholding Group, Inc. (NYSE:OSG – Get Rating) Chairman Douglas D. Wheat sold 143,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $3.42, for a total transaction of $489,060.00. Following the completion of the transaction, the chairman now owns 210,633 shares of the company’s stock, valued at $720,364.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Overseas Shipholding Group Price Performance

Shares of NYSE:OSG opened at $3.44 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a fifty day moving average price of $3.62 and a 200 day moving average price of $3.20. Overseas Shipholding Group, Inc. has a fifty-two week low of $1.90 and a fifty-two week high of $3.94. The firm has a market cap of $270.52 million, a price-to-earnings ratio of 11.86 and a beta of 0.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Overseas Shipholding Group in a research report on Thursday. They issued a “strong-buy” rating for the company.

Hedge Funds Weigh In On Overseas Shipholding Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Shay Capital LLC bought a new position in shares of Overseas Shipholding Group during the fourth quarter worth $38,000. Segantii Capital Management Ltd bought a new position in shares of Overseas Shipholding Group during the fourth quarter worth $41,000. Wolverine Trading LLC bought a new position in shares of Overseas Shipholding Group during the third quarter worth $42,000. Heron Bay Capital Management purchased a new stake in Overseas Shipholding Group during the fourth quarter valued at $50,000. Finally, Naviter Wealth LLC purchased a new stake in Overseas Shipholding Group during the fourth quarter valued at $65,000. Institutional investors own 51.62% of the company’s stock.

Overseas Shipholding Group Company Profile

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Overseas Shipholding Group, Inc engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag trade. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program.