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. Overseas Shipholding Group had a net margin of 14.13% and a return on equity of 17.86%. The firm had revenue of $80.54 million for the quarter.
Shares of NYSE:OSG traded down $0.90 on Friday, hitting $2.20. The company had a trading volume of 1,097,998 shares, compared to its average volume of 277,166. Overseas Shipholding Group has a 1-year low of $1.67 and a 1-year high of $4.16. The company has a market cap of $268.91 million, a P/E ratio of 5.21 and a beta of -0.17. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.81 and a quick ratio of 4.38.
In other Overseas Shipholding Group news, major shareholder Paulson & Co. Inc. sold 736,431 shares of the company’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $3.32, for a total value of $2,444,950.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.53% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in OSG. Dimensional Fund Advisors LP increased its holdings in shares of Overseas Shipholding Group by 29.4% in the second quarter. Dimensional Fund Advisors LP now owns 3,059,407 shares of the transportation company’s stock valued at $11,870,000 after purchasing an additional 695,501 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Overseas Shipholding Group by 21.7% in the second quarter. BlackRock Inc. now owns 3,508,959 shares of the transportation company’s stock valued at $13,615,000 after purchasing an additional 626,620 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Overseas Shipholding Group by 29.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,981,004 shares of the transportation company’s stock valued at $7,686,000 after purchasing an additional 449,593 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Overseas Shipholding Group by 82.8% in the second quarter. Renaissance Technologies LLC now owns 978,200 shares of the transportation company’s stock valued at $3,795,000 after purchasing an additional 443,000 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Overseas Shipholding Group in the second quarter valued at $690,000. Hedge funds and other institutional investors 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.
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