Overseas Shipholding Group, Inc. (NYSE:OSG) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Shares of Overseas Shipholding Group (OSG) traded up 0.81% during midday trading on Thursday, reaching $2.49. 443,590 shares of the company’s stock were exchanged. The company’s market cap is $186.83 million. The firm has a 50 day moving average price of $2.49 and a 200 day moving average price of $3.21. Overseas Shipholding Group has a 12 month low of $1.96 and a 12 month high of $11.57.

Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings results on Wednesday, August 9th. The transportation company reported $0.04 earnings per share 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 forecast that Overseas Shipholding Group will post $0.87 earnings per share for the current fiscal year.

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In related news, CEO Samuel H. Norton purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $2.00 per share, for a total transaction of $40,000.00. Following the completion of the transaction, the chief executive officer now directly owns 125,531 shares in the company, valued at approximately $251,062. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Paulson & Co. Inc. sold 116,881 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $2.25, for a total value of $262,982.25. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 55,600 shares of company stock worth $111,912.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Overseas Shipholding Group by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,361,063 shares of the transportation company’s stock valued at $12,973,000 after buying an additional 10,679 shares during the period. Walthausen & Co. LLC increased its position in shares of Overseas Shipholding Group by 198.9% during the second quarter. Walthausen & Co. LLC now owns 2,516,255 shares of the transportation company’s stock valued at $6,693,000 after buying an additional 1,674,490 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Overseas Shipholding Group by 74.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,435,103 shares of the transportation company’s stock worth $3,817,000 after purchasing an additional 612,619 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Overseas Shipholding Group by 64.9% during the first quarter. AQR Capital Management LLC now owns 1,269,334 shares of the transportation company’s stock worth $4,900,000 after purchasing an additional 499,700 shares in the last quarter. Finally, OxFORD Asset Management LLP grew its holdings in shares of Overseas Shipholding Group by 262.5% during the second quarter. OxFORD Asset Management LLP now owns 1,030,384 shares of the transportation company’s stock worth $2,741,000 after purchasing an additional 746,118 shares in the last quarter. Hedge funds and other institutional investors own 62.13% 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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