In yesterday’s Wall Street session, Overseas Shipholding Group Inc. (NYSE:OSG) shares traded at $3.48, down -7.20% from the previous session.
OSG stock price is now -1.63% away from the 50-day moving average and 19.96% away from the 200-day moving average. The market capitalization of the company currently stands at $295.66M.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
.
In other news, Norton Samuel H, President and CEO bought 350,000 shares of the company’s stock on Dec 15. The stock was bought for $1,022,000 at an average price of $2.92. Upon completion of the transaction, the President and CEO now directly owns 2,447,009 shares in the company, valued at $8.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15, 10% Owner CYRUS CAPITAL PARTNERS, L.P. sold 350,000 shares of the business’s stock. A total of $1,022,000 was realized by selling the stock at an average price of $2.92. This leaves the insider owning 10,868,710 shares of the company worth $37.82 million. Insiders disposed of 7,461,538 shares of company stock worth roughly $25.97 million over the past 1 year. A total of 4.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OSG stock. A new stake in Overseas Shipholding Group Inc. shares was purchased by PORTOLAN CAPITAL MANAGEMENT, LLC during the first quarter worth $2,935,000. CITIGROUP INC invested $222,000 in shares of OSG during the first quarter. In the first quarter, 683 CAPITAL MANAGEMENT, LLC acquired a new stake in Overseas Shipholding Group Inc. valued at approximately $221,000. JANE STREET GROUP, LLC acquired a new stake in OSG for approximately $178,000. BALYASNY ASSET MANAGEMENT LLC purchased a new stake in OSG valued at around $141,000 in the second quarter. In total, there are 75 active investors with 41.50% ownership of the company’s stock.
On Monday morning Overseas Shipholding Group Inc. (NYSE: OSG) stock kicked off with the opening price of $3.7000. During the past 12 months, Overseas Shipholding Group Inc. has had a low of $1.90 and a high of $3.94. As of last week, the company has a debt-to-equity ratio of 1.30, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for OSG is $3.5376 and a two-hundred day moving average price translates $2.9011 for the stock.
The latest earnings results from Overseas Shipholding Group Inc. (NYSE: OSG) was released for Sep, 2022. The net profit margin was -3.50% and return on equity was -4.80% for OSG. The company reported revenue of $121.76 million for the quarter, compared to $95.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.54 percent.
Moreover, the firm recently paid out its quarterly dividend on 03/25/2016. Investors who held shares on 03/18/2016 were paid a $0.08 dividend.
Overseas Shipholding Group Inc.(OSG) 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. It serves independent oil traders, refinery operators, and the United States and international government entities. The company was founded in 1948 and is headquartered in Tampa, Florida.
