Nationwide Fund Advisors Purchases 103,087 Shares of Overseas Shipholding Group, Inc. Class A (OSG)

Nationwide Fund Advisors increased its position in shares of Overseas Shipholding Group, Inc. Class A (NYSE:OSG) by 323.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,005 shares of the transportation company’s stock after acquiring an additional 103,087 shares during the period. Nationwide Fund Advisors owned about 0.18% of Overseas Shipholding Group, Inc. Class A worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in Overseas Shipholding Group, Inc. Class A by 8.9% during the second quarter. Royal Bank of Canada now owns 46,603 shares of the transportation company’s stock valued at $124,000 after buying an additional 3,811 shares in the last quarter. Prudential Financial Inc. bought a new position in Overseas Shipholding Group, Inc. Class A during the second quarter valued at about $130,000. Cubist Systematic Strategies LLC raised its holdings in Overseas Shipholding Group, Inc. Class A by 156.5% during the second quarter. Cubist Systematic Strategies LLC now owns 49,070 shares of the transportation company’s stock valued at $131,000 after buying an additional 29,940 shares in the last quarter. Rhumbline Advisers raised its holdings in Overseas Shipholding Group, Inc. Class A by 20.9% during the second quarter. Rhumbline Advisers now owns 49,880 shares of the transportation company’s stock valued at $133,000 after buying an additional 8,611 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new position in Overseas Shipholding Group, Inc. Class A during the second quarter valued at about $136,000. Institutional investors and hedge funds own 62.02% of the company’s stock.

In other news, major shareholder Paulson & Co. Inc. sold 16,006 shares of Overseas Shipholding Group, Inc. Class A stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $2.66, for a total value of $42,575.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Samuel H. Norton acquired 36,100 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was acquired at an average price of $2.22 per share, for a total transaction of $80,142.00. Following the completion of the purchase, the insider now directly owns 155,931 shares of the company’s stock, valued at approximately $346,166.82. The disclosure for this purchase can be found here. Insiders own 0.77% of the company’s stock.

Separately, ValuEngine upgraded Overseas Shipholding Group, Inc. Class A from a “sell” rating to a “hold” rating in a report on Friday, December 1st.

Overseas Shipholding Group, Inc. Class A (NYSE OSG) opened at $2.70 on Friday. Overseas Shipholding Group, Inc. Class A has a 1-year low of $1.96 and a 1-year high of $5.66. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $195.86, a PE ratio of -0.87 and a beta of 2.40.

Overseas Shipholding Group, Inc. Class A (NYSE:OSG) last posted its earnings results on Thursday, November 9th. The transportation company reported ($0.07) earnings per share for the quarter. The company had revenue of $93.27 million for the quarter. Overseas Shipholding Group, Inc. Class A had a negative net margin of 66.23% and a positive return on equity of 26.01%. During the same quarter in the prior year, the business posted ($0.59) EPS.

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Overseas Shipholding Group, Inc. Class A 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.

Institutional Ownership by Quarter for Overseas Shipholding Group, Inc. Class A (NYSE:OSG)

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