Acuitas Investments LLC Purchases 10,063 Shares of Overseas Shipholding Group, Inc. (NYSE:OSG)

Acuitas Investments LLC lifted its stake in shares of Overseas Shipholding Group, Inc. (NYSE:OSG) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490,674 shares of the transportation company’s stock after purchasing an additional 10,063 shares during the quarter. Overseas Shipholding Group accounts for about 1.3% of Acuitas Investments LLC’s portfolio, making the stock its 29th largest position. Acuitas Investments LLC’s holdings in Overseas Shipholding Group were worth $2,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in OSG. GSA Capital Partners LLP grew its holdings in shares of Overseas Shipholding Group by 74.8% during the 3rd quarter. GSA Capital Partners LLP now owns 333,974 shares of the transportation company’s stock valued at $1,466,000 after purchasing an additional 142,959 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Overseas Shipholding Group during the 3rd quarter valued at approximately $122,000. WINTON GROUP Ltd grew its holdings in shares of Overseas Shipholding Group by 67.5% during the 3rd quarter. WINTON GROUP Ltd now owns 41,833 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 16,861 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Overseas Shipholding Group by 6.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 218,726 shares of the transportation company’s stock valued at $960,000 after purchasing an additional 12,371 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Overseas Shipholding Group by 14.2% during the 4th quarter. Strs Ohio now owns 93,300 shares of the transportation company’s stock valued at $491,000 after purchasing an additional 11,600 shares during the last quarter. 80.92% of the stock is owned by institutional investors.

Overseas Shipholding Group Price Performance

Shares of Overseas Shipholding Group stock traded down $0.04 during midday trading on Wednesday, hitting $6.08. 207,705 shares of the company traded hands, compared to its average volume of 375,654. The firm’s fifty day moving average price is $6.14 and its 200-day moving average price is $5.53. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.67 and a current ratio of 0.68. Overseas Shipholding Group, Inc. has a 12 month low of $3.43 and a 12 month high of $6.74. The stock has a market cap of $425.43 million, a price-to-earnings ratio of 7.89 and a beta of 0.33.

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

Overseas Shipholding Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 3.95%. Overseas Shipholding Group’s dividend payout ratio is presently 31.17%.

Insider Buying and Selling

In related news, CEO Samuel H. Norton sold 20,337 shares of Overseas Shipholding Group stock in a transaction that occurred 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 directly owns 2,537,142 shares in the company, valued at approximately $15,172,109.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO Samuel H. Norton sold 50,000 shares of the 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 $14,231,947.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Samuel H. Norton sold 20,337 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $5.98, for a total transaction of $121,615.26. Following the transaction, the chief executive officer now directly owns 2,537,142 shares in the company, valued at $15,172,109.16. The disclosure for this sale can be found here. Insiders have sold a total of 120,337 shares of company stock worth $738,115 in the last ninety days. Company insiders own 7.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Overseas Shipholding Group

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.