Overseas Shipholding Group (OSG) Posts Earnings Results

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Overseas Shipholding Group (NYSE:OSG) posted its quarterly earnings results on Friday. The transportation company reported $0.13 earnings per share (EPS) for the quarter, Morningstar.com reports. The business had revenue of $80.54 million during the quarter. Overseas Shipholding Group had a return on equity of 17.86% and a net margin of 14.13%.

Shares of OSG stock traded down $0.90 during trading hours on Friday, reaching $2.20. The company had a trading volume of 1,097,998 shares, compared to its average volume of 277,166. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.81 and a quick ratio of 4.38. The firm has a market capitalization of $268.91 million, a PE ratio of 5.21 and a beta of -0.17. Overseas Shipholding Group has a 12-month low of $1.67 and a 12-month high of $4.16.

In other news, major shareholder Paulson & Co. Inc. sold 736,431 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $3.32, for a total value of $2,444,950.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Overseas Shipholding Group by 35.8% in the second quarter. Rhumbline Advisers now owns 57,179 shares of the transportation company’s stock valued at $222,000 after purchasing an additional 15,081 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Overseas Shipholding Group in the third quarter valued at approximately $307,000. Bailard Inc. purchased a new stake in shares of Overseas Shipholding Group in the second quarter valued at approximately $515,000. Mackay Shields LLC grew its position in shares of Overseas Shipholding Group by 45.5% in the second quarter. Mackay Shields LLC now owns 138,800 shares of the transportation company’s stock valued at $539,000 after purchasing an additional 43,400 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Overseas Shipholding Group in the second quarter valued at approximately $594,000. Institutional investors and hedge funds own 56.93% of the company’s stock.

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Overseas Shipholding Group Company Profile

Overseas Shipholding Group, Inc owns and operates a fleet of oceangoing vessels engaged in the transportation of crude oil and petroleum products in the United States. At December 31, 2017, the company owned or operated a fleet of 23 vessels totaling an aggregate of approximately 1 million deadweight tons.

Further Reading: Return on Investment (ROI)

Earnings History for Overseas Shipholding Group (NYSE:OSG)

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