Strs Ohio Grows Position in Overseas Shipholding Group, Inc. (NYSE:OSG)

Strs Ohio lifted its holdings in shares of Overseas Shipholding Group, Inc. (NYSE:OSG) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,300 shares of the transportation company’s stock after buying an additional 11,600 shares during the period. Strs Ohio owned approximately 0.13% of Overseas Shipholding Group worth $491,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OSG. New York State Teachers Retirement System purchased a new stake in shares of Overseas Shipholding Group during the fourth quarter valued at $29,000. SG Americas Securities LLC purchased a new position in Overseas Shipholding Group in the third quarter worth about $122,000. Brandywine Global Investment Management LLC boosted its position in 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 purchasing an additional 5,810 shares during the last quarter. WINTON GROUP Ltd boosted its position in Overseas Shipholding Group by 67.5% in the third quarter. WINTON GROUP Ltd now owns 41,833 shares of the transportation company’s stock worth $184,000 after purchasing an additional 16,861 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 12,371 shares during the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

Overseas Shipholding Group Stock Down 0.5 %

NYSE OSG opened at $6.03 on Friday. The stock’s 50-day moving average price is $6.13 and its 200-day moving average price is $5.55. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. Overseas Shipholding Group, Inc. has a 52 week low of $3.47 and a 52 week high of $6.74. The company has a market capitalization of $422.28 million, a P/E ratio of 7.83 and a beta of 0.33.

Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings data 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 firm had revenue of $116.02 million for the quarter. During the same period last year, the business earned $0.75 EPS.

Overseas Shipholding Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.98%. The ex-dividend date was Wednesday, March 27th. Overseas Shipholding Group’s dividend payout ratio (DPR) is presently 31.17%.

Insider Activity at Overseas Shipholding Group

In related news, CEO Samuel H. Norton sold 50,000 shares of Overseas Shipholding Group 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 sale, the chief executive officer now owns 2,268,296 shares of the company’s stock, valued at approximately $14,244,898.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Samuel H. Norton sold 20,337 shares of Overseas Shipholding Group 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 sale, the chief executive officer now owns 2,537,142 shares of the company’s stock, valued at approximately $15,172,109.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Samuel H. Norton sold 50,000 shares of Overseas Shipholding Group stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $6.28, for a total value of $314,000.00. Following the sale, the chief executive officer now directly owns 2,268,296 shares in the company, valued at approximately $14,244,898.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,337 shares of company stock valued at $738,115. 7.97% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Overseas Shipholding Group 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.