Overseas Shipholding Group, Inc. (NYSE:OSG) was up 8.7% during mid-day trading on Monday after an insider bought additional shares in the company. The company traded as high as $2.29 and last traded at $2.24, with a volume of 941,879 shares traded. The stock had previously closed at $2.06.

Specifically, major shareholder Paulson & Co. Inc. sold 116,881 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $2.25, for a total transaction of $262,982.25. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Samuel H. Norton purchased 32,800 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average price of $2.02 per share, for a total transaction of $66,256.00. Following the purchase, the insider now directly owns 125,531 shares of the company’s stock, valued at approximately $253,572.62. The disclosure for this purchase can be found here. Insiders have bought 55,600 shares of company stock worth $111,912 in the last 90 days.

The firm has a 50 day moving average price of $2.59 and a 200 day moving average price of $3.37. The firm’s market cap is $167.33 million.

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

Several hedge funds have recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Overseas Shipholding Group by 8.1% in the fourth quarter. State Street Corp now owns 692,845 shares of the transportation company’s stock worth $2,655,000 after buying an additional 51,927 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Overseas Shipholding Group by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 440,134 shares of the transportation company’s stock worth $1,686,000 after buying an additional 91,841 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Overseas Shipholding Group by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 42,500 shares of the transportation company’s stock worth $163,000 after buying an additional 13,200 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Overseas Shipholding Group by 65.1% in the fourth quarter. Teachers Advisors LLC now owns 93,824 shares of the transportation company’s stock worth $359,000 after buying an additional 36,998 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in shares of Overseas Shipholding Group by 16.4% in the first quarter. Nationwide Fund Advisors now owns 28,018 shares of the transportation company’s stock worth $108,000 after buying an additional 3,938 shares during the last quarter. Institutional investors and hedge funds own 62.13% of the company’s stock.

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About Overseas Shipholding Group

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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