Semanteon Capital Management LP Makes New Investment in Overseas Shipholding Group, Inc. (NYSE:OSG)

Semanteon Capital Management LP bought a new position in Overseas Shipholding Group, Inc. (NYSE:OSG) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 44,479 shares of the transportation company’s stock, valued at approximately $234,000.

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

Insider Activity at Overseas Shipholding Group

In related news, CEO Samuel H. Norton sold 50,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $6.05, for a total value of $302,500.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Overseas Shipholding Group news, CEO Samuel H. Norton sold 50,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $6.05, for a total value of $302,500.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Samuel H. Norton sold 20,337 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $5.98, for a total value of $121,615.26. Following the completion of the sale, the chief executive officer now directly owns 2,537,142 shares of the company’s stock, valued at $15,172,109.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 120,337 shares of company stock valued at $738,115. 7.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

Overseas Shipholding Group Trading Down 0.4 %

Shares of OSG stock opened at $6.04 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.68 and a quick ratio of 0.67. The company has a market cap of $422.63 million, a price-to-earnings ratio of 7.84 and a beta of 0.33. The stock has a 50 day simple moving average of $6.13 and a 200-day simple moving average of $5.54. Overseas Shipholding Group, Inc. has a 1-year low of $3.47 and a 1-year high of $6.74.

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

Overseas Shipholding Group Announces Dividend

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

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.