Semanteon Capital Management LP Invests $234,000 in Overseas Shipholding Group, Inc. (NYSE:OSG)

Semanteon Capital Management LP acquired a new position in Overseas Shipholding Group, Inc. (NYSE:OSG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,479 shares of the transportation company’s stock, valued at approximately $234,000. Semanteon Capital Management LP owned about 0.06% of Overseas Shipholding Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in OSG. SG Americas Securities LLC bought a new stake in shares of Overseas Shipholding Group in the 3rd quarter worth approximately $122,000. Bank of New York Mellon Corp increased its stake in shares of Overseas Shipholding Group by 6.0% in the third quarter. Bank of New York Mellon Corp now owns 218,726 shares of the transportation company’s stock worth $960,000 after buying an additional 12,371 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Overseas Shipholding Group by 0.7% in the third quarter. Janney Montgomery Scott LLC now owns 1,431,176 shares of the transportation company’s stock worth $6,283,000 after buying an additional 9,588 shares during the period. WINTON GROUP Ltd increased its stake in shares of Overseas Shipholding Group by 67.5% in the third quarter. WINTON GROUP Ltd now owns 41,833 shares of the transportation company’s stock worth $184,000 after buying an additional 16,861 shares during the period. Finally, Brandywine Global Investment Management LLC increased its stake in shares of Overseas Shipholding Group by 19.2% in the third quarter. Brandywine Global Investment Management LLC now owns 36,087 shares of the transportation company’s stock worth $158,000 after buying an additional 5,810 shares during the period. 80.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Overseas Shipholding Group

In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $6.05, for a total transaction of $302,500.00. Following the transaction, the chief executive officer now directly owns 2,352,388 shares of the company’s stock, valued at approximately $14,231,947.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Samuel H. Norton sold 20,337 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $5.98, for a total transaction of $121,615.26. Following the sale, the chief executive officer now owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Samuel H. Norton sold 50,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $6.05, for a total transaction of $302,500.00. Following the sale, the chief executive officer now owns 2,352,388 shares in the company, valued at approximately $14,231,947.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 120,337 shares of company stock valued at $738,115. 7.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Overseas Shipholding Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 14th.

Overseas Shipholding Group Stock Down 0.4 %

Shares of NYSE OSG opened at $6.04 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.01. Overseas Shipholding Group, Inc. has a 52 week low of $3.47 and a 52 week high of $6.74. The firm’s fifty day moving average is $6.13 and its 200 day moving average is $5.54. The company has a market cap of $422.63 million, a price-to-earnings ratio of 7.84 and a beta of 0.33.

Overseas Shipholding Group (NYSE:OSG) last issued its quarterly earnings data on Monday, March 11th. The transportation company reported $0.26 earnings per share (EPS) for the quarter. The business had revenue of $116.02 million for the quarter. Overseas Shipholding Group had a net margin of 13.82% and a return on equity of 17.84%. During the same period in the previous year, the firm posted $0.75 earnings per share.

Overseas Shipholding Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Wednesday, March 27th. Overseas Shipholding Group’s payout ratio is currently 31.17%.

Overseas Shipholding Group Profile

Overseas Shipholding Group, Inc, together with its subsidiaries, owns and operates a fleet of oceangoing vessels in the United States. Its vessels are engaged in the transportation of crude oil, petroleum, and renewable transportation fuels in the United States flag trade. As of December 31, 2023, the company owned or operated a fleet of 21 vessels totaling an aggregate of approximately 1.5 million deadweight tons.