Overseas Shipholding Group (NYSE:OSG) announced its quarterly earnings results on Friday. The transportation company reported $0.13 earnings per share for the quarter, Morningstar.com reports. The company had revenue of $80.54 million for the quarter. Overseas Shipholding Group had a return on equity of 17.86% and a net margin of 14.13%.
OSG traded down $0.90 during midday trading on Friday, hitting $2.20. 1,097,998 shares of the company were exchanged, compared to its average volume of 277,166. The company has a market capitalization 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 quick ratio of 4.38 and a current ratio of 4.81. Overseas Shipholding Group has a 1-year low of $1.67 and a 1-year high of $4.16.
In other Overseas Shipholding Group news, major shareholder Paulson & Co. Inc. sold 736,431 shares of the stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $3.32, for a total transaction of $2,444,950.92. The sale was disclosed in a filing with the SEC, which is available through this link. 1.53% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its position in Overseas Shipholding Group by 2.9% during the 3rd quarter. BlackRock Inc. now owns 3,611,289 shares of the transportation company’s stock worth $11,375,000 after purchasing an additional 102,330 shares during the period. Bank of New York Mellon Corp grew its position in Overseas Shipholding Group by 4.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 720,586 shares of the transportation company’s stock worth $2,270,000 after purchasing an additional 30,202 shares during the period. Systematic Financial Management LP grew its position in Overseas Shipholding Group by 12.1% during the 3rd quarter. Systematic Financial Management LP now owns 337,080 shares of the transportation company’s stock worth $1,062,000 after purchasing an additional 36,300 shares during the period. Acadian Asset Management LLC grew its position in shares of Overseas Shipholding Group by 37.8% during the 3rd quarter. Acadian Asset Management LLC now owns 513,123 shares of the transportation company’s stock valued at $1,616,000 after acquiring an additional 140,757 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Overseas Shipholding Group during the 3rd quarter valued at about $307,000. 56.93% of the stock is currently owned by institutional investors.
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About Overseas Shipholding Group
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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