Overseas Shipholding Group (OSG) Upgraded at ValuEngine

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ValuEngine upgraded shares of Overseas Shipholding Group (NYSE:OSG) from a sell rating to a hold rating in a research report released on Wednesday, ValuEngine reports.

Shares of OSG opened at $1.69 on Wednesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.78 and a quick ratio of 0.77. Overseas Shipholding Group has a 52-week low of $1.53 and a 52-week high of $4.16. The company has a market capitalization of $144.15 million, a P/E ratio of 12.27 and a beta of 0.47.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings data on Thursday, May 9th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. Overseas Shipholding Group had a return on equity of 3.95% and a net margin of 3.69%. The business had revenue of $87.74 million during the quarter.

In other news, insider Cyrus Capital Partners, L.P. purchased 8,585,152 shares of Overseas Shipholding Group stock in a transaction on Wednesday, March 13th. The stock was purchased at an average price of $1.90 per share, with a total value of $16,311,788.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Douglas D. Wheat purchased 50,000 shares of Overseas Shipholding Group stock in a transaction on Wednesday, March 13th. The shares were purchased at an average cost of $1.83 per share, with a total value of $91,500.00. Following the transaction, the chairman now owns 201,085 shares in the company, valued at $367,985.55. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in Overseas Shipholding Group by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,740,218 shares of the transportation company’s stock worth $6,209,000 after acquiring an additional 254,123 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Overseas Shipholding Group by 1.6% in the 4th quarter. BlackRock Inc. now owns 3,669,228 shares of the transportation company’s stock valued at $6,091,000 after buying an additional 57,939 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Overseas Shipholding Group by 10.3% in the 3rd quarter. Vanguard Group Inc now owns 2,864,210 shares of the transportation company’s stock valued at $9,022,000 after buying an additional 266,845 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Overseas Shipholding Group by 10.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,864,210 shares of the transportation company’s stock valued at $9,022,000 after buying an additional 266,845 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Overseas Shipholding Group by 4.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,243,837 shares of the transportation company’s stock valued at $3,725,000 after buying an additional 104,284 shares during the last quarter. 56.89% of the stock is owned by hedge funds and other institutional investors.

About Overseas Shipholding Group

Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2018, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 900,000 deadweight tons.

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