StockNews.com assumed coverage on shares of Overseas Shipholding Group (NYSE:OSG – Free Report) in a research note issued to investors on Monday morning. The brokerage issued a strong-buy rating on the transportation company’s stock.
Overseas Shipholding Group Stock Up 0.1 %
Shares of OSG opened at $8.50 on Monday. The company has a market capitalization of $612.26 million, a PE ratio of 10.37 and a beta of 0.31. Overseas Shipholding Group has a 12 month low of $3.95 and a 12 month high of $8.50. The stock’s 50-day moving average price is $7.77 and its two-hundred day moving average price is $6.56. The company has a current ratio of 0.67, a quick ratio of 0.63 and a debt-to-equity ratio of 0.93.
Overseas Shipholding Group (NYSE:OSG – Get Free Report) last announced its earnings results on Friday, May 10th. The transportation company reported $0.19 EPS for the quarter. The firm had revenue of $117.50 million for the quarter. Overseas Shipholding Group had a return on equity of 18.38% and a net margin of 14.26%.
Insiders Place Their Bets
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brightline Capital Management LLC bought a new stake in Overseas Shipholding Group in the 4th quarter valued at about $2,951,000. LSV Asset Management bought a new stake in Overseas Shipholding Group in the 4th quarter valued at about $768,000. GSA Capital Partners LLP increased its position in Overseas Shipholding Group by 74.8% in the 3rd quarter. GSA Capital Partners LLP now owns 333,974 shares of the transportation company’s stock valued at $1,466,000 after buying an additional 142,959 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Overseas Shipholding Group by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,975,645 shares of the transportation company’s stock valued at $26,221,000 after buying an additional 119,349 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Overseas Shipholding Group by 124.0% in the 4th quarter. BNP Paribas Financial Markets now owns 145,138 shares of the transportation company’s stock valued at $765,000 after buying an additional 80,349 shares in the last quarter. 80.92% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
- Five stocks we like better than Overseas Shipholding Group
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Canadian Penny Stocks: Can They Make You Rich?
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- What is a SEC Filing?
- GitLab Stock Rebounds: The Inside Story of Its Comeback
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.