Overseas Shipholding Group, Inc. Class A (OSG) Major Shareholder Sells $42,575.96 in Stock

Overseas Shipholding Group, Inc. Class A (NYSE:OSG) major shareholder Paulson & Co. Inc. sold 16,006 shares of Overseas Shipholding Group, Inc. Class A stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $2.66, for a total transaction of $42,575.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Overseas Shipholding Group, Inc. Class A (OSG) opened at $2.97 on Monday. The company has a market cap of $222.88, a PE ratio of 3.86 and a beta of 2.39. Overseas Shipholding Group, Inc. Class A has a 12-month low of $1.96 and a 12-month high of $5.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.38 and a quick ratio of 2.26.

Overseas Shipholding Group, Inc. Class A (NYSE:OSG) last released its quarterly earnings results on Thursday, November 9th. The transportation company reported ($0.07) EPS for the quarter. The firm had revenue of $93.27 million during the quarter. Overseas Shipholding Group, Inc. Class A had a negative net margin of 66.23% and a positive return on equity of 26.01%. During the same quarter in the previous year, the business posted ($0.59) EPS.

Separately, ValuEngine upgraded shares of Overseas Shipholding Group, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Friday.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Overseas Shipholding Group, Inc. Class A by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,361,063 shares of the transportation company’s stock valued at $12,973,000 after buying an additional 10,679 shares in the last quarter. Bank of America Corp DE boosted its position in Overseas Shipholding Group, Inc. Class A by 4,002.0% in the first quarter. Bank of America Corp DE now owns 218,474 shares of the transportation company’s stock valued at $843,000 after buying an additional 213,148 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Overseas Shipholding Group, Inc. Class A by 70.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 572,185 shares of the transportation company’s stock valued at $1,523,000 after buying an additional 236,989 shares in the last quarter. Prudential Financial Inc. acquired a new position in Overseas Shipholding Group, Inc. Class A in the second quarter valued at about $130,000. Finally, GSA Capital Partners LLP acquired a new position in Overseas Shipholding Group, Inc. Class A in the second quarter valued at about $290,000. Hedge funds and other institutional investors own 62.04% of the company’s stock.

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Overseas Shipholding Group, Inc. Class A Company Profile

Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.

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