Overseas Shipholding Group (NYSE:OSG) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Overseas Shipholding Group (NYSE:OSG – Get Rating) in a report released on Thursday. The brokerage issued a strong-buy rating on the transportation company’s stock.

Overseas Shipholding Group Stock Performance

Shares of OSG stock opened at $3.44 on Thursday. The company’s fifty day simple moving average is $3.62 and its 200-day simple moving average is $3.20. The company has a quick ratio of 0.73, a current ratio of 0.74 and a debt-to-equity ratio of 1.22. The firm has a market cap of $270.52 million, a PE ratio of 11.86 and a beta of 0.31. Overseas Shipholding Group has a 12 month low of $1.90 and a 12 month high of $3.94.

Insider Transactions at Overseas Shipholding Group

In related news, Director Julie Silcock sold 66,584 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $3.48, for a total transaction of $231,712.32. Following the transaction, the director now directly owns 93,512 shares in the company, valued at $325,421.76. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Julie Silcock sold 66,584 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $3.48, for a total transaction of $231,712.32. Following the transaction, the director now directly owns 93,512 shares in the company, valued at $325,421.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Douglas D. Wheat sold 143,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $3.42, for a total transaction of $489,060.00. Following the transaction, the chairman now owns 210,633 shares in the company, valued at $720,364.86. The disclosure for this sale can be found here. 6.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Overseas Shipholding Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Shay Capital LLC acquired a new position in shares of Overseas Shipholding Group in the fourth quarter valued at $38,000. Segantii Capital Management Ltd acquired a new position in shares of Overseas Shipholding Group in the fourth quarter valued at $41,000. Wolverine Trading LLC acquired a new position in shares of Overseas Shipholding Group in the third quarter valued at $42,000. Heron Bay Capital Management acquired a new position in shares of Overseas Shipholding Group in the fourth quarter valued at $50,000. Finally, Naviter Wealth LLC acquired a new position in shares of Overseas Shipholding Group in the fourth quarter valued at $65,000. 51.62% of the stock is currently owned by institutional investors and hedge funds.

About Overseas Shipholding Group

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Overseas Shipholding Group, Inc engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag trade. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program.