Yahoo Finance Overseas Shipholding Group Inc President and CEO Samuel Norton Sells 50,000 Shares
Samuel Norton, President and CEO of Overseas Shipholding Group Inc (NYSE:OSG), has sold 50,000 shares of the company on April 16, 2024, according to a recent SEC Filing. The transaction was executed at a price of $5.95 per share, resulting in a total sale amount of $297,500.
Overseas Shipholding Group Inc is a leading provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets. The company operates a fleet of vessels that includes tankers for transporting oil and gas, as well as vessels that serve the U.S. military.
Over the past year, the insider has sold a total of 450,000 shares and has not made any purchases of the company's stock. The recent sale by Samuel Norton is part of a broader trend of insider transactions at Overseas Shipholding Group Inc, which has seen 1 insider buy and 12 insider sells over the past year.
On the valuation front, Overseas Shipholding Group Inc's shares were trading at $5.95 on the day of the insider's sale, giving the company a market cap of approximately $423.586 million. The price-earnings ratio stands at 7.75, below the industry median of 11.08 but above the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is currently at 1.7, with a GF Value of $3.50, indicating that Overseas Shipholding Group Inc is significantly overvalued according to GuruFocus's intrinsic value estimate. The GF Value is determined by historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
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.
