Overseas Shipholding Group, Inc. (OSG) Insider Acquires $66,256.00 in Stock
Overseas Shipholding Group, Inc. (NYSE:OSG) insider Samuel H. Norton bought 32,800 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $2.02 per share, for a total transaction of $66,256.00. Following the completion of the transaction, the insider now owns 125,531 shares in the company, valued at approximately $253,572.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Overseas Shipholding Group, Inc. (NYSE OSG) opened at 2.06 on Monday. The stock’s 50 day moving average is $2.59 and its 200 day moving average is $3.37. The firm’s market capitalization is $154.57 million. Overseas Shipholding Group, Inc. has a 12 month low of $1.96 and a 12 month high of $11.57.
Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Wednesday, August 9th. The transportation company reported $0.04 earnings per share for the quarter. The firm had revenue of $96.23 million during the quarter. Overseas Shipholding Group had a positive return on equity of 10.95% and a negative net margin of 71.11%. Equities research analysts forecast that Overseas Shipholding Group, Inc. will post $0.87 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake in Overseas Shipholding Group by 0.4% in the first quarter. Alliancebernstein L.P. now owns 26,400 shares of the transportation company’s stock worth $102,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors raised its stake in Overseas Shipholding Group by 16.4% in the first quarter. Nationwide Fund Advisors now owns 28,018 shares of the transportation company’s stock worth $108,000 after buying an additional 3,938 shares during the period. Royal Bank of Canada raised its stake in Overseas Shipholding Group by 8.9% in the second quarter. Royal Bank of Canada now owns 46,603 shares of the transportation company’s stock worth $124,000 after buying an additional 3,811 shares during the period. Prudential Financial Inc. bought a new stake in Overseas Shipholding Group during the second quarter worth $130,000. Finally, Cubist Systematic Strategies LLC raised its stake in Overseas Shipholding Group by 156.5% in the second quarter. Cubist Systematic Strategies LLC now owns 49,070 shares of the transportation company’s stock worth $131,000 after buying an additional 29,940 shares during the period. 62.13% of the stock is owned by hedge funds and other institutional investors.
Overseas Shipholding Group Company Profile
Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.
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