Acuitas Investments LLC Buys 10,063 Shares of Overseas Shipholding Group, Inc. (NYSE:OSG)

Acuitas Investments LLC raised its stake in shares of Overseas Shipholding Group, Inc. (NYSE:OSG) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 490,674 shares of the transportation company’s stock after purchasing an additional 10,063 shares during the quarter. Overseas Shipholding Group accounts for about 1.3% of Acuitas Investments LLC’s investment portfolio, making the stock its 29th biggest position. Acuitas Investments LLC owned about 0.68% of Overseas Shipholding Group worth $2,586,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in Overseas Shipholding Group by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,431,176 shares of the transportation company’s stock valued at $6,283,000 after acquiring an additional 9,588 shares during the period. GSA Capital Partners LLP increased its stake in Overseas Shipholding Group by 74.8% in the third quarter. GSA Capital Partners LLP now owns 333,974 shares of the transportation company’s stock valued at $1,466,000 after acquiring an additional 142,959 shares during the period. Bank of New York Mellon Corp increased its stake in Overseas Shipholding Group by 6.0% in the third quarter. Bank of New York Mellon Corp now owns 218,726 shares of the transportation company’s stock valued at $960,000 after acquiring an additional 12,371 shares during the period. Strs Ohio increased its stake in Overseas Shipholding Group by 14.2% in the fourth quarter. Strs Ohio now owns 93,300 shares of the transportation company’s stock valued at $491,000 after acquiring an additional 11,600 shares during the period. Finally, WINTON GROUP Ltd increased its stake in Overseas Shipholding Group by 67.5% in the third quarter. WINTON GROUP Ltd now owns 41,833 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 16,861 shares during the period. Institutional investors own 80.92% of the company’s stock.

Insider Buying and Selling at Overseas Shipholding Group

In other news, CEO Samuel H. Norton sold 20,337 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total transaction of $121,615.26. Following the transaction, the chief executive officer now directly owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Samuel H. Norton sold 20,337 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $5.98, for a total transaction of $121,615.26. Following the transaction, the chief executive officer now directly owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $6.28, for a total transaction of $314,000.00. Following the completion of the transaction, the chief executive officer now owns 2,268,296 shares in the company, valued at $14,244,898.88. The disclosure for this sale can be found here. Insiders have sold a total of 120,337 shares of company stock worth $738,115 over the last ninety days. Corporate insiders own 7.97% of the company’s stock.

Overseas Shipholding Group Price Performance

NYSE:OSG traded down $0.04 on Wednesday, reaching $6.08. The stock had a trading volume of 207,705 shares, compared to its average volume of 375,654. The company has a market capitalization of $425.43 million, a P/E ratio of 7.89 and a beta of 0.33. Overseas Shipholding Group, Inc. has a 1-year low of $3.43 and a 1-year high of $6.74. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average price of $6.14 and a 200-day moving average price of $5.53.

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

Overseas Shipholding Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 3.95%. Overseas Shipholding Group’s dividend payout ratio (DPR) is presently 31.17%.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Overseas Shipholding Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th.

Overseas Shipholding Group Profile

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.