Alambic Investment Management L.P. Has $2.20 Million Stake in Overseas Shipholding Group (OSG)

Alambic Investment Management L.P. grew its stake in shares of Overseas Shipholding Group (NYSE:OSG) by 36.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 775,407 shares of the transportation company’s stock after purchasing an additional 205,062 shares during the quarter. Alambic Investment Management L.P. owned approximately 0.98% of Overseas Shipholding Group worth $2,202,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. boosted its stake in shares of Overseas Shipholding Group by 66.4% during the first quarter. Prudential Financial Inc. now owns 63,930 shares of the transportation company’s stock valued at $181,000 after purchasing an additional 25,508 shares during the period. Stone Ridge Asset Management LLC purchased a new stake in Overseas Shipholding Group in the fourth quarter worth $253,000. Mackay Shields LLC purchased a new stake in Overseas Shipholding Group in the first quarter worth $271,000. JPMorgan Chase & Co. purchased a new stake in Overseas Shipholding Group in the third quarter worth $305,000. Finally, Spark Investment Management LLC lifted its stake in Overseas Shipholding Group by 414.4% in the fourth quarter. Spark Investment Management LLC now owns 125,000 shares of the transportation company’s stock worth $342,000 after acquiring an additional 100,700 shares during the period. 62.92% of the stock is owned by hedge funds and other institutional investors.

Shares of OSG stock opened at $3.56 on Friday. Overseas Shipholding Group has a 52 week low of $3.36 and a 52 week high of $3.46. The firm has a market capitalization of $277.59 million, a P/E ratio of 5.56 and a beta of -0.07. The company has a quick ratio of 4.09, a current ratio of 4.48 and a debt-to-equity ratio of 1.18.

Overseas Shipholding Group (NYSE:OSG) last announced its quarterly earnings results on Wednesday, May 9th. The transportation company reported $0.04 EPS for the quarter. Overseas Shipholding Group had a return on equity of 18.28% and a net margin of 14.14%. The company had revenue of $101.03 million during the quarter.

In related news, major shareholder Bluemountain Capital Managemen sold 46,777 shares of the firm’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $3.95, for a total value of $184,769.15. Following the completion of the sale, the insider now owns 8,382,048 shares of the company’s stock, valued at $33,109,089.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 851,727 shares of company stock valued at $3,412,298 in the last ninety days. 0.77% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Overseas Shipholding Group (NYSE:OSG)

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