Overseas Shipholding Group Inc. (OSG) Insider Cyrus Capital Partners, L.P. Acquires 8,585,152 Shares

Overseas Shipholding Group Inc. (NYSE:OSG) insider Cyrus Capital Partners, L.P. acquired 8,585,152 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average cost of $1.90 per share, with a total value of $16,311,788.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Overseas Shipholding Group stock traded up $0.14 during trading on Friday, hitting $2.28. 1,011,755 shares of the stock were exchanged, compared to its average volume of 459,448. The stock has a market cap of $150.57 million, a P/E ratio of 11.87 and a beta of 0.58. Overseas Shipholding Group Inc. has a 12-month low of $1.53 and a 12-month high of $4.16.

Overseas Shipholding Group (NYSE:OSG) last released its quarterly earnings data on Friday, March 8th. The transportation company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $89.23 million for the quarter. Overseas Shipholding Group had a return on equity of 4.17% and a net margin of 3.68%.

Several institutional investors have recently added to or reduced their stakes in OSG. SG Americas Securities LLC lifted its position in shares of Overseas Shipholding Group by 226.3% during the 4th quarter. SG Americas Securities LLC now owns 50,167 shares of the transportation company’s stock worth $83,000 after purchasing an additional 34,793 shares during the last quarter. Stone Ridge Asset Management LLC lifted its position in shares of Overseas Shipholding Group by 192.2% during the 4th quarter. Stone Ridge Asset Management LLC now owns 51,946 shares of the transportation company’s stock worth $86,000 after purchasing an additional 34,166 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Overseas Shipholding Group during the 3rd quarter worth $131,000. Rhumbline Advisers lifted its position in shares of Overseas Shipholding Group by 42.5% during the 4th quarter. Rhumbline Advisers now owns 83,094 shares of the transportation company’s stock worth $138,000 after purchasing an additional 24,798 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Overseas Shipholding Group during the 3rd quarter worth $148,000. 58.67% of the stock is owned by institutional investors and hedge funds.

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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.

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

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