Overseas Shipholding Group (NYSE:OSG) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Overseas Shipholding Group (NYSE:OSG - Get Free Report) in a research report issued on Tuesday. The firm set a "strong-buy" rating on the transportation company's stock.

Overseas Shipholding Group Stock Performance

Shares of Overseas Shipholding Group stock remained flat at $8.49 on Tuesday. 676,138 shares of the stock traded hands, compared to its average volume of 783,236. Overseas Shipholding Group has a 12-month low of $3.95 and a 12-month high of $8.50. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $611.53 million, a P/E ratio of 10.35 and a beta of 0.31. The company's 50-day simple moving average is $7.97 and its 200-day simple moving average is $6.67.

Overseas Shipholding Group (NYSE:OSG - Get Free Report) last issued its quarterly earnings results on Friday, May 10th. The transportation company reported $0.19 earnings per share (EPS) for the quarter. The firm 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 news, CEO Samuel H. Norton sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, May 15th. The shares were 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 in the company, valued at approximately $16,563,408.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Samuel H. Norton sold 20,337 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Samuel H. Norton sold 50,000 shares of Overseas Shipholding Group stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 2,457,479 shares in the company, valued at $16,563,408.46. The disclosure for this sale can be found here. Insiders own 9.29% of the company's stock.

Institutional Trading of Overseas Shipholding Group

A number of institutional investors have recently made changes to their positions in OSG. Dimensional Fund Advisors LP increased its stake 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 buying an additional 119,349 shares during the period. Brightline Capital Management LLC purchased a new position in shares of Overseas Shipholding Group in the fourth quarter valued at about $2,951,000. Acuitas Investments LLC raised its stake in shares of Overseas Shipholding Group by 2.1% during the fourth quarter. Acuitas Investments LLC now owns 490,674 shares of the transportation company's stock valued at $2,586,000 after acquiring an additional 10,063 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Overseas Shipholding Group by 8.2% during the first quarter. Empowered Funds LLC now owns 370,115 shares of the transportation company's stock worth $2,369,000 after purchasing an additional 27,990 shares during the period. Finally, LSV Asset Management bought a new stake in shares of Overseas Shipholding Group in the fourth quarter worth about $768,000. Hedge funds and other institutional investors own 80.92% 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.