Insider Selling: Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Sells 20,337 Shares of Stock

Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton sold 20,337 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, the chief executive officer now owns 2,537,142 shares of the company’s stock, valued at approximately $15,172,109.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Overseas Shipholding Group Price Performance

Shares of NYSE:OSG opened at $5.94 on Friday. Overseas Shipholding Group, Inc. has a one year low of $3.40 and a one year high of $6.74. The stock has a fifty day moving average of $6.17 and a 200-day moving average of $5.48. The company has a market capitalization of $415.63 million, a PE ratio of 7.71 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 announced its quarterly earnings data on Monday, March 11th. The transportation company reported $0.26 EPS 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 during the quarter. During the same quarter last year, the company posted $0.75 EPS.

Overseas Shipholding Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 4.04%. The ex-dividend date was Wednesday, March 27th. Overseas Shipholding Group’s dividend payout ratio (DPR) is currently 31.17%.

Institutional Trading of Overseas Shipholding Group

Several large investors have recently added to or reduced their stakes in OSG. BlackRock Inc. raised its stake in Overseas Shipholding Group by 177.3% during the 2nd quarter. BlackRock Inc. now owns 3,787,548 shares of the transportation company’s stock valued at $15,794,000 after purchasing an additional 2,421,456 shares during the period. State Street Corp raised its stake in Overseas Shipholding Group by 280.6% during the 2nd quarter. State Street Corp now owns 966,909 shares of the transportation company’s stock valued at $4,032,000 after purchasing an additional 712,891 shares during the period. Geode Capital Management LLC raised its stake in Overseas Shipholding Group by 102.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,174,635 shares of the transportation company’s stock valued at $4,898,000 after purchasing an additional 595,441 shares during the period. Brightline Capital Management LLC acquired a new stake in Overseas Shipholding Group during the 4th quarter valued at $2,951,000. Finally, Dimensional Fund Advisors LP raised its stake in Overseas Shipholding Group by 12.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,536,937 shares of the transportation company’s stock valued at $17,694,000 after purchasing an additional 501,667 shares during the period. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.