Overseas Shipholding Group, Inc. (NYSE:OSG – Get 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
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
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.
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