Overseas Shipholding Group, Inc. (NYSE:OSG) was down 8.1% on Tuesday after an insider sold shares in the company. The company traded as low as $2.11 and last traded at $2.16, with a volume of 611,024 shares. The stock had previously closed at $2.35.

Specifically, major shareholder Paulson & Co. Inc. sold 116,881 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $2.25, for a total value of $262,982.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

The company has a 50 day moving average of $2.72 and a 200 day moving average of $3.52. The firm’s market capitalization is $189.58 million.

Overseas Shipholding Group (NYSE:OSG) last announced its earnings results on Wednesday, August 9th. The transportation company reported $0.04 earnings per share for the quarter. The firm had revenue of $96.23 million during the quarter. Overseas Shipholding Group had a negative net margin of 71.11% and a positive return on equity of 10.95%. Equities analysts expect that Overseas Shipholding Group, Inc. will post $0.87 EPS for the current year.

Institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its position in shares of Overseas Shipholding Group by 334.6% in the first quarter. Parametric Portfolio Associates LLC now owns 176,041 shares of the transportation company’s stock worth $680,000 after buying an additional 135,534 shares during the last quarter. TFS Capital LLC raised its position in shares of Overseas Shipholding Group by 8.0% in the first quarter. TFS Capital LLC now owns 275,127 shares of the transportation company’s stock worth $1,062,000 after buying an additional 20,330 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Overseas Shipholding Group by 106.8% in the first quarter. Bank of New York Mellon Corp now owns 287,659 shares of the transportation company’s stock worth $1,111,000 after buying an additional 148,566 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Overseas Shipholding Group during the first quarter worth $499,000. Finally, First Trust Advisors LP raised its position in shares of Overseas Shipholding Group by 17.8% in the first quarter. First Trust Advisors LP now owns 670,220 shares of the transportation company’s stock worth $2,587,000 after buying an additional 101,179 shares during the last quarter. 58.77% of the stock is owned by hedge funds and other institutional investors.

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Overseas Shipholding Group 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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