Overseas Shipholding Group (NYSE:OSG) Shares Cross Above Two Hundred Day Moving Average of $5.41

Overseas Shipholding Group, Inc. (NYSE:OSG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $5.41 and traded as high as $6.20. Overseas Shipholding Group shares last traded at $6.04, with a volume of 359,583 shares.

Analyst Ratings Changes

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

Overseas Shipholding Group Price Performance

The stock has a 50 day moving average of $6.19 and a two-hundred day moving average of $5.41. The stock has a market cap of $428.55 million, a PE ratio of 7.84 and a beta of 0.33. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68.

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

Overseas Shipholding Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 28th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 3.97%. Overseas Shipholding Group’s dividend payout ratio is currently 31.17%.

Insider Buying and Selling

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $6.28, for a total transaction of $314,000.00. Following the completion of the sale, the chief executive officer now owns 2,268,296 shares of the company’s stock, valued at $14,244,898.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 150,000 shares of company stock worth $890,000. Insiders own 7.97% of the company’s stock.

Institutional Investors Weigh In On Overseas Shipholding Group

Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Overseas Shipholding Group in the fourth quarter valued at approximately $141,000. Barclays PLC raised its stake in shares of Overseas Shipholding Group by 638.5% in the fourth quarter. Barclays PLC now owns 85,727 shares of the transportation company’s stock valued at $452,000 after purchasing an additional 74,118 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Overseas Shipholding Group by 152.3% in the fourth quarter. Nuveen Asset Management LLC now owns 261,659 shares of the transportation company’s stock valued at $1,379,000 after purchasing an additional 157,948 shares in the last quarter. Brightline Capital Management LLC acquired a new position in shares of Overseas Shipholding Group in the fourth quarter valued at $2,951,000. Finally, Royal Bank of Canada raised its stake in shares of Overseas Shipholding Group by 79.4% in the fourth quarter. Royal Bank of Canada now owns 19,089 shares of the transportation company’s stock valued at $100,000 after purchasing an additional 8,451 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

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.