Insider Selling: Overseas Shipholding Group, Inc. (NYSE:OSG) Director Sells $58,200.00 in Stock

Overseas Shipholding Group, Inc. (NYSE:OSGGet Rating) Director Julie Silcock sold 20,000 shares of Overseas Shipholding Group stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $2.91, for a total value of $58,200.00. Following the transaction, the director now owns 279,851 shares of the company’s stock, valued at approximately $814,366.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Julie Silcock also recently made the following trade(s):

  • On Monday, November 21st, Julie Silcock sold 6,339 shares of Overseas Shipholding Group stock. The stock was sold at an average price of $2.90, for a total value of $18,383.10.
  • On Monday, November 14th, Julie Silcock sold 20,000 shares of Overseas Shipholding Group stock. The stock was sold at an average price of $2.87, for a total value of $57,400.00.
  • On Friday, November 11th, Julie Silcock sold 2,979 shares of Overseas Shipholding Group stock. The stock was sold at an average price of $2.90, for a total value of $8,639.10.
  • On Wednesday, November 9th, Julie Silcock sold 6,704 shares of Overseas Shipholding Group stock. The stock was sold at an average price of $2.84, for a total value of $19,039.36.

Overseas Shipholding Group Stock Down 1.4 %

Shares of OSG opened at $2.90 on Friday. Overseas Shipholding Group, Inc. has a one year low of $1.64 and a one year high of $3.39. The company has a market cap of $245.11 million, a P/E ratio of 19.33 and a beta of 0.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.73 and a quick ratio of 0.70. The firm has a 50 day simple moving average of $2.96 and a two-hundred day simple moving average of $2.61.

Overseas Shipholding Group declared that its Board of Directors has approved a stock repurchase plan on Tuesday, November 15th that permits the company to buyback 5,000,000 shares. This buyback authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OSG shares. StockNews.com assumed coverage on Overseas Shipholding Group in a report on Wednesday, October 12th. They set a “strong-buy” rating for the company. TheStreet upgraded shares of Overseas Shipholding Group from a “d” rating to a “c-” rating in a research report on Wednesday, August 24th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Overseas Shipholding Group during the first quarter valued at approximately $26,000. Wolverine Trading LLC bought a new stake in shares of Overseas Shipholding Group during the third quarter worth $42,000. Jane Street Group LLC bought a new stake in shares of Overseas Shipholding Group during the first quarter worth $41,000. Ritholtz Wealth Management bought a new stake in shares of Overseas Shipholding Group during the third quarter worth $90,000. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Overseas Shipholding Group during the second quarter worth $62,000. 40.09% of the stock is currently owned by institutional investors and hedge funds.

Overseas Shipholding Group Company Profile

(Get Rating)

Overseas Shipholding Group, Inc, together with its subsidiaries, owns and operates a fleet of oceangoing vessels. Its vessels are engaged in the transportation of crude oil and petroleum products in the United States flag trade. As of December 31, 2021, the company owned or operated a fleet of 24 vessels totaling an aggregate of approximately 1.7 million deadweight tons.

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Insider Buying and Selling by Quarter for Overseas Shipholding Group (NYSE:OSG)

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