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Assenagon Asset Management S.A. Expands its holdings in Overseas Shipholding Group, Inc. (NYSE:OSG)

Assenagon Asset Management S.A. Expands its holdings in Overseas Shipholding Group, Inc. (NYSE:OSG)

The most recent 13F filing that the company made with the Securities and Exchange Commission revealed that during the third quarter, Assenagon Asset Management S.A. established a new position in Overseas Shipholding Group, Inc. (NYSE: OSG). The institutional investor spent close to $100,000 to purchase 33,007 shares in the transportation company. This brought the total amount spent to approximately $98,000.

In recent transactions, shares of the company’s stock have been bought and sold by several other institutional investors, including hedge funds. Fuller & Thaler Asset Management Inc. increased the proportion of Overseas Shipholding Group stock that is owned by 0.5 percent during the first quarter. Fuller & Thaler Asset Management Inc. now has 1,190,525 shares of the transportation company’s stock, which are currently valued at $2,488,000, after making a new purchase of 5,950 shares during the period in question. In the first three months of the year, Renaissance Technologies LLC increased its stake in Overseas Shipholding Group by purchasing an additional 74.7 percent of the company’s shares. After making an additional purchase of 331,990 shares during the relevant period, Renaissance Technologies LLC now has 776,679 shares of the transportation company’s stock, which are currently valued at $1,623,000. This brings the total number of shares owned by the company to 776,679. The percentage of Overseas Shipholding Group stock that State Street Corporation owned increased by 5.2% during the second quarter due to the company’s investment. State Street Corp. now holds 245,918 shares of the transportation company’s stock, following the acquisition of an additional 12,200 shares during the most recent trading session. The stock is currently valued at $504,000. State Street Corporation and American Century Companies Inc. increased the proportion of Overseas Shipholding Group that they owned by 27.3% during the first three months of 2018. American Century Companies Inc. now has 239,050 shares held by the transportation company after making an additional purchase of 51,262 shares during the most recent period. The current market value of these shares is 500,000 dollars.

Last but not least, during the first three months of this year, the percentage of ownership that Overseas Shipholding Group held in Goldman Sachs Group Inc. increased by 16.5%. Goldman Sachs Group Inc. now has a total of 236,650 shares of the transportation company’s stock, which are worth a combined total of $495,000 after purchasing an additional 33,533 shares during the relevant period. According to the most recent available data, 51.62% of the company’s stock is owned by institutional investors and hedge funds.

Thursday was the first day of trading on the NYSE OSG, and the opening price was $3.64. The moving averages for the last 50 and 200 days of the company’s stock price are currently at $2.98 and $2.85, respectively. Because the company has a price-to-earnings ratio of 24.27 and a beta value of 0.20, its current market valuation is $307.65 million. Overseas Shipholding Group, Inc. hit a low point over the past 52 weeks of $1.70, while the company reached a high point over the past 52 weeks of $3.73. The debt to equity-ratio is 1.22, the quick ratio to the current ratio is 0.70, and the current ratio to the quick ratio is 0.73.

Overseas Shipholding Group announced on Tuesday, November 15th, that its board of directors had approved a stock buyback plan. If the plan is implemented, it will allow the company to repurchase 5,000,000 currently outstanding shares. Because of this, the company will be able to preserve its existing mark level.

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