Overseas Shipholding Group (NYSE:OSG) Reaches New 1-Year High at $8.48

Shares of Overseas Shipholding Group, Inc. (NYSE:OSG - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $8.48 and last traded at $8.47, with a volume of 77767 shares changing hands. The stock had previously closed at $8.46.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Overseas Shipholding Group in a research report on Sunday. They set a "strong-buy" rating for the company.

Overseas Shipholding Group Stock Down 0.1 %

The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $609.37 million, a PE ratio of 10.32 and a beta of 0.38. The stock has a 50-day moving average of $7.43 and a 200 day moving average of $6.39.

Overseas Shipholding Group (NYSE:OSG - Get Free Report) last issued its quarterly earnings results on Friday, May 10th. The transportation company reported $0.19 EPS for the quarter. The company had revenue of $117.50 million during the quarter. Overseas Shipholding Group had a return on equity of 18.38% and a net margin of 14.26%.

Insiders Place Their Bets

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the firm's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $6.74, for a total value of $337,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,457,479 shares of the company's stock, valued at $16,563,408.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the firm's stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $6.74, for a total value of $337,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,457,479 shares of the company's stock, valued at $16,563,408.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Samuel H. Norton sold 20,337 shares of the firm'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 completion of the sale, the chief executive officer now directly 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. Company insiders own 9.29% of the company's stock.

Institutional Trading of Overseas Shipholding Group

Large investors have recently bought and sold shares of the company. Brightline Capital Management LLC bought a new position in shares of Overseas Shipholding Group in the fourth quarter worth $2,951,000. LSV Asset Management bought a new position in shares of Overseas Shipholding Group in the fourth quarter worth $768,000. 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 acquiring an additional 142,959 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Overseas Shipholding Group by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,975,645 shares of the transportation company's stock worth $26,221,000 after acquiring an additional 119,349 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Overseas Shipholding Group by 124.0% in the fourth quarter. BNP Paribas Financial Markets now owns 145,138 shares of the transportation company's stock worth $765,000 after acquiring an additional 80,349 shares during the period. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.