Overseas Shipholding Group Inc. [OSG] moved down -7.92: Why It’s Important

Overseas Shipholding Group Inc. [NYSE: OSG] price plunged by -7.92 percent to reach at -$0.21. The company report on March 18, 2021 that Overseas Shipholding Group Announces the Filing of Form 12B-25.

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Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announced that it has submitted to the Securities and Exchange Commission a Notification of Late Filing with respect to the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. The Notification states that the 10-K could not be filed by its original due date, March 16, 2021, without unreasonable effort or expense due to pending waivers or amendments of the financial covenant provisions of certain lending agreements.

OSG expects that these waivers and/or amendments will be completed shortly and that it will be in a position to file the 10-K on or before March 31, 2021. OSG is current and expects to remain current in its payment obligations under all of its borrowings.

A sum of 1061775 shares traded at recent session while its average daily volume was at 496.35K shares. Overseas Shipholding Group Inc. shares reached a high of $2.67 and dropped to a low of $2.42 until finishing in the latest session at $2.44.

Guru’s Opinion on Overseas Shipholding Group Inc. [OSG]:

The Average True Range (ATR) for Overseas Shipholding Group Inc. is set at 0.16, with the Price to Sales ratio for OSG stock in the period of the last 12 months amounting to 0.51. The Price to Book ratio for the last quarter was 0.59, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for OSG in the course of the last twelve months was 9.82 with Quick ratio for the last quarter at 0.40.

OSG Stock Performance Analysis:

Overseas Shipholding Group Inc. [OSG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.15. With this latest performance, OSG shares gained by 16.75% in over the last four-week period, additionally plugging by 9.91% over the last 6 months – not to mention a rise of 21.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OSG stock in for the last two-week period is set at 54.28, with the RSI for the last a single of trading hit 51.58, and the three-weeks RSI is set at 55.11 for Overseas Shipholding Group Inc. [OSG]. The present Moving Average for the last 50 days of trading for this stock 2.21, while it was recorded at 2.61 for the last single week of trading, and 2.15 for the last 200 days.

Insight into Overseas Shipholding Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Overseas Shipholding Group Inc. [OSG] shares currently have an operating margin of +8.43 and a Gross Margin at +16.22. Overseas Shipholding Group Inc.’s Net Margin is presently recorded at +2.44.

Return on Total Capital for OSG is now 3.48, given the latest momentum, and Return on Invested Capital for the company is 1.10. Return on Equity for this stock inclined to 2.59, with Return on Assets sitting at 0.79. When it comes to the capital structure of this company, Overseas Shipholding Group Inc. [OSG] has a Total Debt to Total Equity ratio set at 206.49. Additionally, OSG Total Debt to Total Capital is recorded at 67.37, with Total Debt to Total Assets ending up at 53.89. Long-Term Debt to Equity for the company is recorded at 169.69, with the Long-Term Debt to Total Capital now at 55.37.

Reflecting on the efficiency of the workforce at the company, Overseas Shipholding Group Inc. [OSG] managed to generate an average of $12,167 per employee. Receivables Turnover for the company is 21.52 with a Total Asset Turnover recorded at a value of 0.32.Overseas Shipholding Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.

Overseas Shipholding Group Inc. [OSG] Insider Position Details

There are presently around $106 million, or 49.40% of OSG stock, in the hands of institutional investors. The top three institutional holders of OSG stocks are: CYRUS CAPITAL PARTNERS, L.P. with ownership of 8,908,857, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; PAULSON & CO. INC., holding 6,300,000 shares of the stock with an approximate value of $15.37 million in OSG stocks shares; and BLACKROCK INC., currently with $10.59 million in OSG stock with ownership of nearly -0.688% of the company’s market capitalization.

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39 institutional holders increased their position in Overseas Shipholding Group Inc. [NYSE:OSG] by around 4,737,683 shares. Additionally, 29 investors decreased positions by around 3,364,488 shares, while 17 investors held positions by with 35,147,104 shares. The mentioned changes placed institutional holdings at 43,249,275 shares, according to the latest SEC report filing. OSG stock had 11 new institutional investments in for a total of 3,895,410 shares, while 7 institutional investors sold positions of 1,618,222 shares during the same period.

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