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 business’s stock in a transaction 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 directly owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Overseas Shipholding Group Trading Down 0.3 %

OSG opened at $5.94 on Friday. Overseas Shipholding Group, Inc. has a one year low of $3.40 and a one year high of $6.74. The company has a market cap of $415.63 million, a P/E ratio of 7.71 and a beta of 0.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68. The business’s 50-day simple moving average is $6.17 and its 200-day simple moving average is $5.48.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Monday, March 11th. The transportation company reported $0.26 earnings per share for the quarter. The firm had revenue of $116.02 million during 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 earned $0.75 earnings per share.

Overseas Shipholding Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Wednesday, March 27th. Overseas Shipholding Group’s payout ratio is currently 31.17%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OSG. BlackRock Inc. boosted its holdings in Overseas Shipholding Group by 177.3% in the second quarter. BlackRock Inc. now owns 3,787,548 shares of the transportation company’s stock valued at $15,794,000 after acquiring an additional 2,421,456 shares during the last quarter. State Street Corp lifted its stake in shares of Overseas Shipholding Group by 280.6% during the second quarter. State Street Corp now owns 966,909 shares of the transportation company’s stock worth $4,032,000 after purchasing an additional 712,891 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Overseas Shipholding Group by 102.8% during the second quarter. Geode Capital Management LLC now owns 1,174,635 shares of the transportation company’s stock worth $4,898,000 after purchasing an additional 595,441 shares in the last quarter. Brightline Capital Management LLC acquired a new position in shares of Overseas Shipholding Group during the fourth quarter worth about $2,951,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Overseas Shipholding Group by 12.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,536,937 shares of the transportation company’s stock worth $17,694,000 after purchasing an additional 501,667 shares in the last quarter. Institutional investors and hedge funds own 80.92% of the company’s stock.

Overseas Shipholding Group Company Profile

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.