SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ALE, SQSP, OSG, AGR on Behalf of Shareholders

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Jun 27 2024

0mins

OSG-1.61%

Should l Buy OSG?

Source: PRnewswire

Investor Rights Law Firm Investigation: Halper Sadeh LLC is investigating companies for potential violations of federal securities laws and breaches of fiduciary duties to shareholders.
Companies Under Investigation: ALLETE, Inc., Squarespace, Inc., Overseas Shipholding Group, Inc., Avangrid, Inc. are being investigated for various sales and acquisitions.
Potential Sales: Companies like ALLETE, Squarespace, Overseas Shipholding Group, and Avangrid are involved in sales or acquisitions with specific buyers.
Legal Representation Offered: Halper Sadeh LLC offers legal representation to shareholders seeking increased consideration, additional disclosures, or other benefits related to the transactions.
Contact Information: Shareholders can contact Halper Sadeh LLC for free to discuss their legal rights and options regarding the investigations and potential transactions.

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Analyst Views on OSG

Wall Street analysts forecast OSG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OSG is 15.00 USD with a low forecast of 15.00 USD and a high forecast of 15.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Analyst Rating

2 Buy

0 Hold

0 Sell

Moderate Buy

Current: 6.210

Low

15.00

Averages

15.00

High

15.00

Current: 6.210

Low

15.00

Averages

15.00

High

15.00

No data

About OSG

Octave Specialty Group, Inc. is a global specialty insurance company that builds, buys, and scales niche insurance distribution and underwriting businesses. It provides strategic direction, risk oversight, data and technology solutions, and capital support to MGA businesses operating across the U.S., U.K., and Bermuda. Its build-and-buy strategy is executed by its incubation division, Octave Ventures, and its acquisition division, Octave Partners. At Octave Ventures, it helps specialty underwriters to set up their own company, leveraging its resources. It offers funding, infrastructure, risk capital, and A+ rated paper as well as experienced guidance and support to underwriters looking to launch their own MGAs. Octave Partners identifies high-performing MGAs that would benefit from its partnership and add value to its expanding portfolio. To facilitate growth, it provides expertise, technology, distribution and capacity relationships, expansion and cross-company sales opportunities.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Enovix Corp Sees Options Trading Volume Exceeding 103.5% of Daily Average

Dec 23 2025NASDAQ.COM

Active Options Trading: Enovix Corp's options trading volume reached 61,595 contracts, equivalent to approximately 6.2 million shares, exceeding 103.5% of its average daily trading volume over the past month, indicating heightened market interest in its future performance.
High Demand Options: Notably, the $8.50 strike call option expiring on January 2, 2026, saw 35,303 contracts traded, representing about 3.5 million underlying shares, suggesting investor expectations for a price increase in Enovix.
Target Corp Trading Activity: Concurrently, Target Corp experienced options trading volume of 55,579 contracts, equivalent to approximately 5.6 million shares, which is about 77.4% of its average daily trading volume, reflecting ongoing market interest in its stock.
Put Option Concerns: In Target's trading, the $140 strike put option expiring on January 16, 2026, had a trading volume of 5,500 contracts, representing around 550,000 underlying shares, indicating investor concerns regarding potential downside risks in its stock price.

Octave Specialty Group Engages EY as Auditor for FY 2026

Dec 15 2025Businesswire

Auditor Change: Octave Specialty Group has announced the engagement of Ernst & Young as its independent registered public accounting firm for the fiscal year ending December 31, 2026, which is expected to enhance financial transparency and audit quality, thereby boosting investor confidence.
Current Auditor Continuation: Until EY completes its client acceptance procedures, the current auditor KPMG will continue to serve as the independent registered public accounting firm, ensuring that the audit work for the 2025 fiscal year 10-K filing remains unaffected.
Audit Committee Review: The auditor change was approved following a review process by the Audit Committee, indicating the company's commitment to audit quality and aiming to elevate corporate governance standards by introducing a more prestigious auditing firm.
Company Background: Octave Specialty Group focuses on building and scaling niche insurance distribution and underwriting businesses, and its commitment to operational excellence and innovation is expected to be further supported by the new auditor's engagement in achieving long-term shareholder value.

Shareholder Alert: Ademi LLP continues to investigate whether Overseas Shipholding Group, Inc. obtained a Fair Price for its Public Shareholders in its recently closed transaction with Saltchuk

Jul 16 2024PRnewswire

Investigation of Former Board of Directors: Ademi LLP is investigating the former board of directors of OSG for potential breaches of fiduciary duty and other legal violations in a recent transaction with Saltchuk.
Concerns Over Transaction Details: Shareholders of OSG received $8.50 per share in a recent transaction, prompting concerns about limitations on competing bids and substantial benefits for OSG insiders.

Saltchuk Welcomes Overseas Shipholding Group to Its Family of Companies

Jul 10 2024Newsfilter

Saltchuk Resources, Inc. Acquisition of Overseas Shipholding Group (OSG):
- Saltchuk successfully completed the acquisition of all outstanding shares of OSG for $8.50 per share in cash.
- OSG is now a wholly owned subsidiary of Saltchuk, adding energy shipping to Saltchuk's business units.
- The transaction was valued at approximately $950 million and closed recently.
- OSG will remain standalone and independently managed within the Saltchuk family of companies.
- All shares of OSG common stock will cease trading on NYSE and be delisted post-acquisition.

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HCP, SQSP, OSG on Behalf of Shareholders

Jul 02 2024PRnewswire

Investor Rights Investigation: Halper Sadeh LLC is investigating companies like HashiCorp Inc., Squarespace, Inc., and Overseas Shipholding Group, Inc. for potential violations of securities laws and breaches of fiduciary duties.
Proposed Acquisitions: Companies like HashiCorp, Squarespace, and Overseas Shipholding Group are being acquired by other entities for cash per share amounts.
Legal Representation Offered: Halper Sadeh LLC may seek increased consideration, additional disclosures, or other benefits for shareholders and offers to handle actions on a contingent fee basis.
Encouragement for Shareholders: Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options regarding the investigated companies.
Attorney Information: Halper Sadeh LLC represents investors globally in cases of securities fraud and corporate misconduct, aiming to recover funds for defrauded investors.