85,935 Shares in Golden Ocean Group Limited (NASDAQ:GOGL) Purchased by Dakota Wealth Management

Dakota Wealth Management acquired a new stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 85,935 shares of the shipping company's stock, valued at approximately $770,000.

Several other institutional investors have also recently modified their holdings of GOGL. Vanguard Personalized Indexing Management LLC raised its holdings in Golden Ocean Group by 16.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,420 shares of the shipping company's stock worth $225,000 after purchasing an additional 2,267 shares during the period. Sei Investments Co. raised its position in shares of Golden Ocean Group by 4.1% during the 2nd quarter. Sei Investments Co. now owns 54,404 shares of the shipping company's stock valued at $751,000 after buying an additional 2,144 shares during the period. EverSource Wealth Advisors LLC lifted its position in Golden Ocean Group by 2,319.5% in the second quarter. EverSource Wealth Advisors LLC now owns 9,170 shares of the shipping company's stock valued at $127,000 after buying an additional 8,791 shares during the last quarter. Marshall Wace LLP increased its holdings in Golden Ocean Group by 96.9% in the 2nd quarter. Marshall Wace LLP now owns 1,557,288 shares of the shipping company's stock valued at $21,491,000 after purchasing an additional 766,436 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Golden Ocean Group during the second quarter worth $1,746,000. 22.00% of the stock is currently owned by hedge funds and other institutional investors.

Golden Ocean Group Trading Down 1.4 %

GOGL stock traded down $0.13 on Friday, hitting $8.89. 1,376,103 shares of the company were exchanged, compared to its average volume of 1,271,710. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 7.35 and a beta of 1.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.22 and a quick ratio of 1.22. The business's fifty day moving average is $9.51 and its two-hundred day moving average is $11.18. Golden Ocean Group Limited has a twelve month low of $8.52 and a twelve month high of $15.77.

Golden Ocean Group (NASDAQ:GOGL - Get Free Report) last posted its earnings results on Wednesday, November 27th. The shipping company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. Golden Ocean Group had a net margin of 23.89% and a return on equity of 13.14%. As a group, research analysts forecast that Golden Ocean Group Limited will post 1.17 earnings per share for the current year.

Golden Ocean Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 9th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.20 dividend on an annualized basis and a yield of 13.50%. Golden Ocean Group's dividend payout ratio (DPR) is presently 99.17%.

Analyst Ratings Changes

Several analysts have recently issued reports on GOGL shares. Pareto Securities reiterated a "hold" rating and issued a $12.50 price objective on shares of Golden Ocean Group in a research note on Thursday, November 21st. Jefferies Financial Group lowered their target price on shares of Golden Ocean Group from $12.50 to $12.00 and set a "hold" rating on the stock in a research report on Wednesday, November 27th. Finally, StockNews.com cut Golden Ocean Group from a "buy" rating to a "hold" rating in a research report on Saturday, October 5th.

About Golden Ocean Group

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.