A number of other large investors also recently made changes to their positions in GOGL. VisionPoint Advisory Group LLC purchased a new stake in Golden Ocean Group in the 4th quarter valued at about $41,000. Blue Trust Inc. purchased a new stake in shares of Golden Ocean Group during the fourth quarter valued at approximately $53,000. Fifth Lane Capital LP bought a new stake in Golden Ocean Group during the first quarter worth $137,000. Quadrature Capital Ltd purchased a new position in Golden Ocean Group in the fourth quarter worth $171,000. Finally, SG Americas Securities LLC bought a new position in Golden Ocean Group in the 4th quarter valued at $243,000. 22.00% of the stock is owned by institutional investors.
Golden Ocean Group Trading Down 3.7 %
Shares of Golden Ocean Group stock opened at $11.52 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $2.30 billion, a P/E ratio of 12.39 and a beta of 1.16. Golden Ocean Group Limited has a 52-week low of $6.89 and a 52-week high of $15.77. The stock’s 50-day simple moving average is $13.38 and its 200 day simple moving average is $12.93.
Golden Ocean Group (NASDAQ:GOGL – Get Free Report) last issued its earnings results on Wednesday, May 22nd. The shipping company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Golden Ocean Group had a net margin of 19.92% and a return on equity of 8.67%. The business had revenue of $196.70 million for the quarter. As a group, research analysts anticipate that Golden Ocean Group Limited will post 1.43 EPS for the current year.
Golden Ocean Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, June 7th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.20 dividend on an annualized basis and a yield of 10.42%. Golden Ocean Group’s dividend payout ratio (DPR) is 129.03%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Golden Ocean Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Jefferies Financial Group downgraded shares of Golden Ocean Group from a “buy” rating to a “hold” rating and set a $15.50 target price for the company. in a research report on Wednesday, May 22nd.
View Our Latest Research Report on Golden Ocean Group
Golden Ocean Group Profile
(Free Report)
Golden Ocean Group Limited, a shipping company, owns and operates a fleet of dry bulk vessels worldwide. The company’s dry bulk vessels comprise Newcastlemax, Capesize, and Panamax vessels operating in the spot and time charter markets. It also transports a range of bulk commodities, including ores, coal, grains, and fertilizers.
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