Overseas Shipholding Group (NYSE:OSG) Sets New 1-Year High at $8.42

Overseas Shipholding Group, Inc. (NYSE:OSG - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $8.42 and last traded at $8.42, with a volume of 1290835 shares. The stock had previously closed at $6.86.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Overseas Shipholding Group from a "c" rating to a "b-" rating in a report on Wednesday, February 14th.

Overseas Shipholding Group Trading Up 22.7 %

The company has a market cap of $606.49 million, a price-to-earnings ratio of 10.27 and a beta of 0.39. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 0.93. The company's 50-day moving average is $6.30 and its 200 day moving average is $5.78.

Overseas Shipholding Group (NYSE:OSG - Get Free Report) last released its quarterly earnings results on Friday, May 10th. The transportation company reported $0.19 EPS for the quarter. The company had revenue of $117.50 million for the quarter. Overseas Shipholding Group had a net margin of 14.26% and a return on equity of 18.38%.

Overseas Shipholding Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 2.85%. Overseas Shipholding Group's dividend payout ratio is presently 29.27%.

Insider Activity at Overseas Shipholding Group

In other news, CEO Samuel H. Norton sold 20,337 shares of Overseas Shipholding Group stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, the chief executive officer now owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Samuel H. Norton sold 20,337 shares of Overseas Shipholding Group stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $5.98, for a total value of $121,615.26. Following the sale, the chief executive officer now owns 2,537,142 shares in the company, valued at $15,172,109.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Samuel H. Norton sold 50,000 shares of Overseas Shipholding Group stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $6.05, for a total transaction of $302,500.00. Following the completion of the sale, the chief executive officer now owns 2,352,388 shares in the company, valued at approximately $14,231,947.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,337 shares of company stock worth $761,115. 9.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Overseas Shipholding Group

Several hedge funds and other institutional investors have recently modified their holdings of OSG. New York State Teachers Retirement System purchased a new position in shares of Overseas Shipholding Group in the fourth quarter worth about $29,000. Tower Research Capital LLC TRC lifted its stake in shares of Overseas Shipholding Group by 255.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,915 shares of the transportation company's stock worth $36,000 after buying an additional 4,969 shares in the last quarter. AJOVista LLC purchased a new position in shares of Overseas Shipholding Group in the fourth quarter worth about $60,000. Principal Financial Group Inc. purchased a new position in shares of Overseas Shipholding Group in the first quarter worth about $114,000. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of Overseas Shipholding Group by 19.2% in the third quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company's stock worth $158,000 after buying an additional 5,810 shares in the last quarter. 80.92% of the stock is owned by hedge funds and other institutional investors.

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.