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Insider Sale: Samuel Norton Sells 50,000 Shares of Overseas Shipholding Group Inc (OSG)

GuruFocus Research
·1-min read

On May 15, 2024, Samuel Norton, President and Chief Executive Officer of Overseas Shipholding Group Inc (NYSE:OSG), sold 50,000 shares of the company. The transaction was reported in a recent SEC Filing. Following this transaction, the insider has sold a total of 500,000 shares over the past year, with no recorded purchases.

Overseas Shipholding Group Inc (NYSE:OSG) operates as a tanker company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. The company's fleet includes vessels that operate in the Jones Act market.

Shares of Overseas Shipholding Group Inc were priced at $6.74 on the day of the sale, positioning the company with a market cap of approximately $496.293 million. The price-earnings ratio of the stock stands at 8.40, below the industry median of 11.39.

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The GF Value of the stock is $3.85, indicating a price-to-GF-Value ratio of 1.75. This suggests that Overseas Shipholding Group Inc is significantly overvalued based on its GF Value.

Insider Sale: Samuel Norton Sells 50,000 Shares of Overseas Shipholding Group Inc (OSG)
Insider Sale: Samuel Norton Sells 50,000 Shares of Overseas Shipholding Group Inc (OSG)

The insider transaction history for Overseas Shipholding Group Inc shows a trend of more insider sales than buys over the past year, with 13 insider sells and only 1 insider buy.

Insider Sale: Samuel Norton Sells 50,000 Shares of Overseas Shipholding Group Inc (OSG)
Insider Sale: Samuel Norton Sells 50,000 Shares of Overseas Shipholding Group Inc (OSG)

This recent sale by the insider aligns with the broader trend observed within the company, where insiders are choosing to sell shares more frequently than purchasing them.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.