Samuel H. Norton Sells 20,337 Shares of Overseas Shipholding Group, Inc. (NYSE:OSG) Stock

Overseas Shipholding Group, Inc. (NYSE:OSG) CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $5.98, for a total transaction of $121,615.26. Following the sale, the chief executive officer now owns 2,537,142 shares of the company’s stock, valued at $15,172,109.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Overseas Shipholding Group Trading Up 0.8 %

NYSE OSG opened at $5.98 on Friday. The company’s fifty day simple moving average is $6.16 and its 200-day simple moving average is $5.49. Overseas Shipholding Group, Inc. has a 52 week low of $3.40 and a 52 week high of $6.74. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.01. The stock has a market cap of $418.78 million, a P/E ratio of 7.77 and a beta of 0.33.

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

Overseas Shipholding Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 4.01%. Overseas Shipholding Group’s payout ratio is currently 31.17%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in shares of Overseas Shipholding Group during the fourth quarter worth $141,000. Barclays PLC boosted its stake in Overseas Shipholding Group by 638.5% during the 4th quarter. Barclays PLC now owns 85,727 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 74,118 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in Overseas Shipholding Group by 152.3% during the 4th quarter. Nuveen Asset Management LLC now owns 261,659 shares of the transportation company’s stock valued at $1,379,000 after acquiring an additional 157,948 shares during the last quarter. Brightline Capital Management LLC bought a new position in Overseas Shipholding Group during the 4th quarter valued at $2,951,000. Finally, Royal Bank of Canada boosted its stake in Overseas Shipholding Group by 79.4% during the 4th quarter. Royal Bank of Canada now owns 19,089 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 8,451 shares during the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, TheStreet upgraded shares of Overseas Shipholding Group from a “c” rating to a “b-” rating in a research note 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.