SG Americas Securities LLC Boosts Stock Position in Overseas Shipholding Group, Inc. (NYSE:OSG)

SG Americas Securities LLC increased its stake in Overseas Shipholding Group, Inc. (NYSE:OSG) by 24.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,607 shares of the transportation company’s stock after buying an additional 6,802 shares during the quarter. SG Americas Securities LLC’s holdings in Overseas Shipholding Group were worth $182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSG. Royal Bank of Canada lifted its holdings in shares of Overseas Shipholding Group by 568.3% during 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 period. Rhumbline Advisers raised its holdings in Overseas Shipholding Group by 7.9% in the 3rd quarter. Rhumbline Advisers now owns 77,127 shares of the transportation company’s stock worth $339,000 after purchasing an additional 5,626 shares during the period. Brandywine Global Investment Management LLC raised its holdings in Overseas Shipholding Group by 19.2% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company’s stock worth $158,000 after purchasing an additional 5,810 shares during the period. Fuller & Thaler Asset Management Inc. raised its holdings in Overseas Shipholding Group by 0.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,190,525 shares of the transportation company’s stock worth $2,488,000 after purchasing an additional 5,950 shares during the period. Finally, Tower Research Capital LLC TRC bought a new position in Overseas Shipholding Group in the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

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 Trading Down 2.5 %

Shares of OSG stock opened at $5.97 on Monday. Overseas Shipholding Group, Inc. has a 52-week low of $3.40 and a 52-week high of $6.74. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68. The firm has a market capitalization of $423.58 million, a PE ratio of 7.75 and a beta of 0.33. The stock has a fifty day simple moving average of $6.19 and a two-hundred day simple moving average of $5.45.

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

Overseas Shipholding Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 4.02%. Overseas Shipholding Group’s payout ratio is presently 31.17%.

Insiders Place Their Bets

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $6.28, for a total value of $314,000.00. Following the completion of the sale, the chief executive officer now owns 2,268,296 shares in the company, valued at approximately $14,244,898.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 150,000 shares of company stock worth $890,000. Corporate insiders own 7.97% 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.