Overseas Shipholding Group, Inc. (NYSE:OSG) major shareholder Paulson & Co. Inc. sold 116,881 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $2.25, for a total value of $262,982.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Overseas Shipholding Group, Inc. (OSG) traded down 8.09% during mid-day trading on Tuesday, reaching $2.16. The company’s stock had a trading volume of 611,024 shares. Overseas Shipholding Group, Inc. has a 12 month low of $2.11 and a 12 month high of $11.57. The stock’s 50 day moving average is $2.73 and its 200 day moving average is $3.55. The company’s market cap is $189.58 million.

Overseas Shipholding Group (NYSE:OSG) last issued its earnings results on Wednesday, August 9th. The transportation company reported $0.04 earnings per share (EPS) for the quarter. Overseas Shipholding Group had a positive return on equity of 10.95% and a negative net margin of 71.11%. The firm had revenue of $96.23 million for the quarter. Equities research analysts predict that Overseas Shipholding Group, Inc. will post $0.87 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its position in shares of Overseas Shipholding Group by 101.4% in the first quarter. Great West Life Assurance Co. Can now owns 489,181 shares of the transportation company’s stock worth $1,889,000 after buying an additional 246,258 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Overseas Shipholding Group by 26.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 440,134 shares of the transportation company’s stock worth $1,686,000 after buying an additional 91,841 shares during the period. Renaissance Technologies LLC boosted its position in shares of Overseas Shipholding Group by 45.1% in the fourth quarter. Renaissance Technologies LLC now owns 42,500 shares of the transportation company’s stock worth $163,000 after buying an additional 13,200 shares during the period. First Trust Advisors LP boosted its position in shares of Overseas Shipholding Group by 17.8% in the first quarter. First Trust Advisors LP now owns 670,220 shares of the transportation company’s stock worth $2,587,000 after buying an additional 101,179 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Overseas Shipholding Group during the first quarter worth about $613,000. Hedge funds and other institutional investors own 58.77% of the company’s stock.

About Overseas Shipholding Group

Overseas Shipholding Group, Inc (OSG) is a tanker company engaged primarily in the ocean transportation of crude oil and petroleum products. The Company’s vessel operations are organized into strategic business units and focused on market segments: crude oil, refined petroleum products and the United States Flag.

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