Insider Selling: Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Sells $121,615.26 in Stock

Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton sold 20,337 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were 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 owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a document filed with the SEC, which is available at this link.

Overseas Shipholding Group Trading Up 0.8 %

NYSE OSG opened at $5.98 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.68 and a quick ratio of 0.67. The firm’s fifty day moving average price is $6.16 and its 200 day moving average price is $5.49. The company has a market capitalization of $418.78 million, a price-to-earnings ratio of 7.77 and a beta of 0.33. Overseas Shipholding Group, Inc. has a 12 month low of $3.40 and a 12 month high of $6.74.

Overseas Shipholding Group (NYSE:OSG) last posted its earnings results on Monday, March 11th. The transportation company reported $0.26 EPS for the quarter. The firm had revenue of $116.02 million for the quarter. Overseas Shipholding Group had a net margin of 13.82% and a return on equity of 17.84%. During the same period last year, the business earned $0.75 earnings per share.

Overseas Shipholding Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date was Wednesday, March 27th. Overseas Shipholding Group’s dividend payout ratio (DPR) is 31.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OSG. Royal Bank of Canada grew its position in shares of Overseas Shipholding Group by 568.3% in the 2nd quarter. Royal Bank of Canada now owns 6,195 shares of the transportation company’s stock valued at $26,000 after buying an additional 5,268 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Overseas Shipholding Group in the 4th quarter valued at $29,000. Tower Research Capital LLC TRC purchased a new position in Overseas Shipholding Group during the 2nd quarter worth $33,000. Shay Capital LLC purchased a new position in Overseas Shipholding Group during the 4th quarter worth $38,000. Finally, Jane Street Group LLC purchased a new position in Overseas Shipholding Group during the 1st quarter worth $41,000. 80.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.