Dimensional Fund Advisors LP recently announced the acquisition of new stake in Overseas Shipholding Group, Inc. (NYSE:OSG). The institutional investor has increased its shareholding in the Energy company by 3.10% to 4.86 million shares with purchase of 0.15 million shares. This fresh investment now brings its stake to 6.71% valued currently at $25.59 million. In addition, BlackRock Fund Advisors raised its holdings by 0.34 million to 3.82 million shares. And The Vanguard Group, Inc. has lifted its position by 0.99% or 28983.0 shares – to 2.97 million shares.
With over 0.48 million Overseas Shipholding Group, Inc. (OSG) shares trading Friday and a closing price of $5.31 on the day, the dollar volume was approximately $2.53 million. The shares have shown a positive half year performance of 30.79% and its price on 01/12/24 gained nearly 3.31%. Currently, there are 78.30M common shares owned by the public and among those 51.91M shares have been available to trade.
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Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 1,076,759 shares. Insider sales of the common stock occurred on 45 occasions, with total insider shares sold totaling 4,909,148 shares.
The top 3 mutual fund holders in Overseas Shipholding Group, Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and DFA US Small Cap Value Portfolio. Vanguard Total Stock Market ETF owns 1.69 million shares of the company’s stock, all valued at over $8.91 million. iShares Russell 2000 ETF sold 4032.0 shares to see its total holdings shrink to 1.52 million shares valued at over $8.02 million and representing 2.10% of the shares outstanding. DFA US Small Cap Value Portfolio now owns shares totaling to 1.93% of the shares outstanding.
Shares of Overseas Shipholding Group, Inc. (NYSE: OSG) opened at $5.17, up $0.03 from a prior closing price of $5.14. However, the script later moved the day high at 5.34, up 3.31%. The company’s stock has a 5-day price change of -2.93% and 16.45% over the past three months. OSG shares are trading 0.76% year to date (YTD), with the 12-month market performance up to 58.51% higher. It has a 12-month low price of $3.16 and touched a high of $5.50 over the same period. OSG has an average intraday trading volume of 424.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.67%, 5.79%, and 22.97% respectively.
Institutional ownership of Overseas Shipholding Group, Inc. (NYSE: OSG) shares accounts for 49.41% of the company’s 78.30M shares outstanding. Mutual fund holders own 24.88%, while other institutional holders and individual stakeholders account for 67.55% and 24.50% respectively.
It has a market capitalization of $384.28M and a beta (3y monthly) value of 0.35. The stock’s trailing 12-month PE ratio is 8.53, while the earnings-per-share (ttm) stands at $0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.35% over the week and 4.18% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
