Overseas Shipholding Group, Inc. (NYSE:OSG) insider Samuel H. Norton bought 32,800 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $2.02 per share, for a total transaction of $66,256.00. Following the completion of the transaction, the insider now owns 125,531 shares in the company, valued at approximately $253,572.62. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Overseas Shipholding Group, Inc. (NYSE OSG) traded up 1.98% during mid-day trading on Friday, hitting $2.06. 597,931 shares of the stock traded hands. The company’s 50 day moving average is $2.59 and its 200 day moving average is $3.37. The firm’s market capitalization is $154.57 million. Overseas Shipholding Group, Inc. has a one year low of $1.96 and a one year high of $11.57.
Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings data on Wednesday, August 9th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. Overseas Shipholding Group had a positive return on equity of 10.95% and a negative net margin of 71.11%. The business had revenue of $96.23 million for the quarter. On average, equities analysts expect that Overseas Shipholding Group, Inc. will post $0.87 EPS for the current fiscal year.
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Large investors have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its stake in shares of Overseas Shipholding Group by 3.2% in the second quarter. California State Teachers Retirement System now owns 80,219 shares of the transportation company’s stock worth $213,000 after buying an additional 2,500 shares in the last quarter. Walthausen & Co. LLC boosted its stake in shares of Overseas Shipholding Group by 198.9% in the second quarter. Walthausen & Co. LLC now owns 2,516,255 shares of the transportation company’s stock worth $6,693,000 after buying an additional 1,674,490 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Overseas Shipholding Group by 156.5% in the second quarter. Cubist Systematic Strategies LLC now owns 49,070 shares of the transportation company’s stock worth $131,000 after buying an additional 29,940 shares in the last quarter. State Street Corp boosted its stake in shares of Overseas Shipholding Group by 4.6% in the second quarter. State Street Corp now owns 779,300 shares of the transportation company’s stock worth $2,073,000 after buying an additional 34,225 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Overseas Shipholding Group by 8.9% in the second quarter. Royal Bank of Canada now owns 46,603 shares of the transportation company’s stock worth $124,000 after buying an additional 3,811 shares in the last quarter. Institutional investors and hedge funds own 58.77% of the company’s stock.
Overseas Shipholding Group Company Profile
Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.
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