Golden Ocean Group Limited (NASDAQ:GOGL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 10.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 353,234 shares of the shipping company’s stock after purchasing an additional 33,695 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.18% of Golden Ocean Group worth $3,165,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in Golden Ocean Group by 683.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,741 shares of the shipping company’s stock valued at $25,000 after purchasing an additional 2,391 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Golden Ocean Group in the third quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Golden Ocean Group in the fourth quarter valued at $46,000. FMR LLC lifted its position in shares of Golden Ocean Group by 146.8% during the 3rd quarter. FMR LLC now owns 12,210 shares of the shipping company’s stock valued at $163,000 after acquiring an additional 7,263 shares during the last quarter. Finally, Svenska Handelsbanken AB publ bought a new stake in shares of Golden Ocean Group during the 4th quarter worth $208,000. 22.00% of the stock is currently owned by institutional investors and hedge funds.

Golden Ocean Group Stock Up 1.8 %

GOGL stock opened at $8.14 on Friday. The company’s 50 day simple moving average is $8.87 and its 200-day simple moving average is $10.12. The firm has a market capitalization of $1.63 billion, a P/E ratio of 6.73 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.22 and a quick ratio of 1.22. Golden Ocean Group Limited has a 52-week low of $7.49 and a 52-week high of $15.77.

Golden Ocean Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend was Tuesday, March 11th. Golden Ocean Group’s dividend payout ratio is currently 53.57%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating and set a $10.00 target price on shares of Golden Ocean Group in a research report on Wednesday, February 26th.

Golden Ocean Group 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.