Overseas Shipholding Group, Inc. (NYSE:OSG – Get Rating) Chairman Douglas D. Wheat sold 143,000 shares of Overseas Shipholding Group stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $3.42, for a total transaction of $489,060.00. Following the sale, the chairman now directly owns 210,633 shares of the company’s stock, valued at approximately $720,364.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Overseas Shipholding Group Trading Up 1.5 %
NYSE OSG opened at $3.44 on Friday. Overseas Shipholding Group, Inc. has a one year low of $1.90 and a one year high of $3.94. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.73 and a current ratio of 0.74. The company has a market capitalization of $270.50 million, a price-to-earnings ratio of 11.86 and a beta of 0.31. The company’s 50-day simple moving average is $3.62 and its two-hundred day simple moving average is $3.19.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Overseas Shipholding Group in a research report on Thursday. They set a “strong-buy” rating for the company.
Hedge Funds Weigh In On Overseas Shipholding Group
About Overseas Shipholding Group
Overseas Shipholding Group, Inc engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag trade. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program.
- Get a free copy of the StockNews.com research report on Overseas Shipholding Group (OSG)
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