Golden Ocean Group Limited (NASDAQ:GOGL) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its holdings in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 55.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,712 shares of the shipping company’s stock after buying an additional 13,830 shares during the period. Commonwealth Equity Services LLC’s holdings in Golden Ocean Group were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOGL. Assenagon Asset Management S.A. increased its holdings in shares of Golden Ocean Group by 1,372.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,260,278 shares of the shipping company’s stock valued at $17,392,000 after acquiring an additional 1,174,716 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Golden Ocean Group by 406.0% during the first quarter. BNP Paribas Financial Markets now owns 156,392 shares of the shipping company’s stock worth $2,027,000 after buying an additional 125,484 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Golden Ocean Group by 463.6% during the first quarter. Russell Investments Group Ltd. now owns 610,850 shares of the shipping company’s stock worth $7,916,000 after buying an additional 502,476 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Golden Ocean Group by 1,318.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 786,018 shares of the shipping company’s stock valued at $10,187,000 after buying an additional 730,609 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Golden Ocean Group by 15.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,151,274 shares of the shipping company’s stock valued at $11,236,000 after acquiring an additional 155,425 shares during the period. 22.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on GOGL shares. Jefferies Financial Group lowered their price target on Golden Ocean Group from $15.50 to $14.50 and set a “hold” rating for the company in a research report on Wednesday, August 28th. StockNews.com upgraded Golden Ocean Group from a “sell” rating to a “hold” rating in a research note on Friday, August 30th.

Golden Ocean Group Trading Down 2.0 %

NASDAQ GOGL opened at $12.18 on Friday. Golden Ocean Group Limited has a 1 year low of $7.09 and a 1 year high of $15.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market capitalization of $2.43 billion, a PE ratio of 13.10 and a beta of 1.16. The company has a fifty day moving average of $12.16 and a 200 day moving average of $13.12.

Golden Ocean Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Wednesday, September 11th were paid a $0.30 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.85%. Golden Ocean Group’s payout ratio is 129.03%.

Golden Ocean Group Company Profile

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.