Shares of Overseas Shipholding Group Inc. (NYSE:OSG) have been given an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Zacks has also assigned Overseas Shipholding Group an industry rank of 162 out of 255 based on the ratings given to related companies.
Shares of NYSE OSG traded down $0.09 during trading on Wednesday, reaching $3.82. The company had a trading volume of 53,380 shares, compared to its average volume of 607,951. Overseas Shipholding Group has a twelve month low of $1.67 and a twelve month high of $4.08. The stock has a market cap of $307.85 million, a price-to-earnings ratio of 6.31 and a beta of -0.08. The company has a quick ratio of 4.09, a current ratio of 4.48 and a debt-to-equity ratio of 1.18.
Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings results on Wednesday, May 9th. The transportation company reported $0.04 earnings per share for the quarter. Overseas Shipholding Group had a return on equity of 18.28% and a net margin of 14.14%. The company had revenue of $101.03 million during the quarter.
In other news, major shareholder Bluemountain Capital Managemen sold 7,200 shares of the business’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $3.77, for a total value of $27,144.00. Following the completion of the transaction, the insider now directly owns 8,242,853 shares of the company’s stock, valued at $31,075,555.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 855,707 shares of company stock valued at $3,427,940. Insiders own 1.53% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp acquired a new position in shares of Overseas Shipholding Group in the first quarter worth $147,000. Prudential Financial Inc. increased its stake in Overseas Shipholding Group by 66.4% in the first quarter. Prudential Financial Inc. now owns 63,930 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 25,508 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in Overseas Shipholding Group in the fourth quarter valued at $253,000. Mackay Shields LLC acquired a new position in Overseas Shipholding Group in the first quarter valued at $271,000. Finally, Spark Investment Management LLC increased its stake in Overseas Shipholding Group by 414.4% in the fourth quarter. Spark Investment Management LLC now owns 125,000 shares of the transportation company’s stock valued at $342,000 after purchasing an additional 100,700 shares during the last quarter. 59.41% of the stock is owned by institutional investors.
About Overseas Shipholding Group
Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2017, the company owned or operated a fleet of 23 vessels totaling an aggregate of approximately 1 million deadweight tons.
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