Overseas Shipholding Group, Inc. (NYSE:OSG) Director Sells $301,647.69 in Stock

Overseas Shipholding Group, Inc. (NYSE:OSGGet Rating) Director Anja Manuel sold 95,157 shares of Overseas Shipholding Group stock in a transaction that occurred on Wednesday, September 21st. The stock was sold at an average price of $3.17, for a total transaction of $301,647.69. Following the completion of the sale, the director now directly owns 87,796 shares in the company, valued at approximately $278,313.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Overseas Shipholding Group Trading Down 12.1 %

OSG stock traded down $0.38 during trading on Friday, reaching $2.77. The company had a trading volume of 1,015,634 shares, compared to its average volume of 291,510. Overseas Shipholding Group, Inc. has a 52 week low of $1.64 and a 52 week high of $3.39. The business has a 50 day moving average of $2.81 and a 200 day moving average of $2.37. The company has a market cap of $244.21 million, a P/E ratio of -15.33 and a beta of 0.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.71.

Overseas Shipholding Group declared that its Board of Directors has authorized a stock buyback program on Monday, June 13th that allows the company to buyback 5,000,000 outstanding shares. This buyback authorization allows the transportation company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OSG. Western Wealth Management LLC purchased a new position in shares of Overseas Shipholding Group in the 1st quarter worth $26,000. Jane Street Group LLC bought a new stake in shares of Overseas Shipholding Group in the 1st quarter valued at about $41,000. Brandywine Global Investment Management LLC bought a new position in shares of Overseas Shipholding Group during the 2nd quarter worth approximately $62,000. Clear Harbor Asset Management LLC increased its stake in Overseas Shipholding Group by 74.5% during the 1st quarter. Clear Harbor Asset Management LLC now owns 35,146 shares of the transportation company’s stock valued at $73,000 after purchasing an additional 15,000 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Overseas Shipholding Group during the 1st quarter valued at approximately $155,000. Hedge funds and other institutional investors own 40.09% of the company’s stock.

Analyst Ratings Changes

Separately, TheStreet raised shares of Overseas Shipholding Group from a “d” rating to a “c-” rating in a report on Wednesday, August 24th.

Overseas Shipholding Group Company Profile

(Get Rating)

Overseas Shipholding Group, Inc, together with its subsidiaries, owns and operates a fleet of oceangoing vessels. Its vessels are engaged in the transportation of crude oil and petroleum products in the United States flag trade. As of December 31, 2021, the company owned or operated a fleet of 24 vessels totaling an aggregate of approximately 1.7 million deadweight tons.

Recommended Stories

Insider Buying and Selling by Quarter for Overseas Shipholding Group (NYSE:OSG)

Receive News & Ratings for Overseas Shipholding Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overseas Shipholding Group and related companies with MarketBeat.com's FREE daily email newsletter.