Mackenzie Financial Corp bought a new position in Overseas Shipholding Group Inc. (NYSE:OSG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 47,050 shares of the transportation company’s stock, valued at approximately $148,000. Mackenzie Financial Corp owned approximately 0.06% of Overseas Shipholding Group as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Strategic Value Partners LLC bought a new stake in shares of Overseas Shipholding Group during the 3rd quarter valued at $7,260,000. Dimensional Fund Advisors LP increased its stake in Overseas Shipholding Group by 29.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,059,407 shares of the transportation company’s stock worth $11,870,000 after acquiring an additional 695,501 shares during the last quarter. BlackRock Inc. increased its stake in Overseas Shipholding Group by 21.7% in the 2nd quarter. BlackRock Inc. now owns 3,508,959 shares of the transportation company’s stock worth $13,615,000 after acquiring an additional 626,620 shares during the last quarter. Renaissance Technologies LLC increased its stake in Overseas Shipholding Group by 53.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,504,700 shares of the transportation company’s stock worth $4,740,000 after acquiring an additional 526,500 shares during the last quarter. Finally, Caxton Associates LP increased its stake in Overseas Shipholding Group by 18.9% in the 3rd quarter. Caxton Associates LP now owns 2,974,860 shares of the transportation company’s stock worth $9,371,000 after acquiring an additional 472,087 shares during the last quarter. Institutional investors and hedge funds own 62.62% of the company’s stock.
Shares of NYSE OSG opened at $2.03 on Friday. The stock has a market capitalization of $172.56 million, a price-to-earnings ratio of 2.52 and a beta of 0.38. Overseas Shipholding Group Inc. has a twelve month low of $1.53 and a twelve month high of $4.16.
Overseas Shipholding Group (NYSE:OSG) last posted its quarterly earnings data on Friday, November 9th. The transportation company reported $0.13 earnings per share (EPS) for the quarter. Overseas Shipholding Group had a return on equity of 22.51% and a net margin of 19.56%. The firm had revenue of $80.54 million during the quarter.
In related news, CEO Samuel H. Norton bought 50,000 shares of the stock in a transaction that occurred on Tuesday, December 11th. The shares were bought at an average cost of $1.97 per share, for a total transaction of $98,500.00. Following the completion of the transaction, the chief executive officer now owns 575,841 shares of the company’s stock, valued at $1,134,406.77. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samuel H. Norton purchased 15,000 shares of the firm’s stock in a transaction on Thursday, November 15th. The shares were acquired at an average cost of $2.18 per share, for a total transaction of $32,700.00. Following the completion of the acquisition, the insider now owns 525,841 shares of the company’s stock, valued at $1,146,333.38. The disclosure for this purchase can be found here. Insiders bought a total of 115,000 shares of company stock valued at $231,200 over the last quarter. Company insiders own 1.53% of the company’s stock.
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Overseas Shipholding Group 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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