Shares of Overseas Shipholding Group, Inc. Class A (NYSE:OSG) traded down 6.3% during mid-day trading on Monday . The stock traded as low as $1.95 and last traded at $1.95. 864,886 shares traded hands during trading, an increase of 37% from the average session volume of 632,037 shares. The stock had previously closed at $2.08.

Separately, ValuEngine raised shares of Overseas Shipholding Group, Inc. Class A from a “sell” rating to a “hold” rating in a report on Friday, December 1st.

The company has a market cap of $146.33, a price-to-earnings ratio of -0.59 and a beta of 1.41. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 1.62.

Overseas Shipholding Group, Inc. Class A (NYSE:OSG) last issued its earnings results on Thursday, November 9th. The transportation company reported ($0.07) earnings per share 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 last year, the business posted ($0.59) earnings per share.

In related news, insider Samuel H. Norton acquired 36,100 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average price of $2.22 per share, with a total value of $80,142.00. Following the completion of the acquisition, the insider now owns 155,931 shares in the company, valued at $346,166.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Paulson & Co. Inc. sold 16,006 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $2.66, for a total transaction of $42,575.96. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in Overseas Shipholding Group, Inc. Class A by 39.6% during the fourth quarter. California Public Employees Retirement System now owns 282,079 shares of the transportation company’s stock worth $773,000 after purchasing an additional 80,089 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of Overseas Shipholding Group, Inc. Class A by 84.2% during the third quarter. GSA Capital Partners LLP now owns 200,519 shares of the transportation company’s stock worth $527,000 after acquiring an additional 91,644 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Overseas Shipholding Group, Inc. Class A by 8.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,563,503 shares of the transportation company’s stock worth $4,112,000 after acquiring an additional 128,400 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Overseas Shipholding Group, Inc. Class A during the third quarter worth approximately $305,000. Finally, Great West Life Assurance Co. Can grew its position in shares of Overseas Shipholding Group, Inc. Class A by 15.2% during the third quarter. Great West Life Assurance Co. Can now owns 820,255 shares of the transportation company’s stock worth $2,153,000 after acquiring an additional 108,059 shares during the last quarter. 61.55% of the stock is currently owned by institutional investors.

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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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