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.
ILLEGAL ACTIVITY WARNING: “Overseas Shipholding Group Inc. (OSG) Insider Cyrus Capital Partners, L.P. Acquires 8,585,152 Shares” was originally posted by WKRB News and is owned by of WKRB News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.wkrb13.com/2019/03/15/overseas-shipholding-group-inc-osg-insider-cyrus-capital-partners-l-p-acquires-8585152-shares.html.
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: What is a Stop Order?
Receive News & Ratings for Overseas Shipholding Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overseas Shipholding Group and related companies with MarketBeat.com's FREE daily email newsletter.