Golden Ocean Group (NASDAQ:GOGL - Get Free Report) had its target price reduced by investment analysts at Jefferies Financial Group from $10.00 to $8.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the shipping company's stock. Jefferies Financial Group's price objective indicates a potential upside of 13.64% from the company's previous close.
Golden Ocean Group Trading Down 1.1 %
NASDAQ:GOGL opened at $7.04 on Wednesday. Golden Ocean Group has a 52-week low of $6.27 and a 52-week high of $15.77. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $8.15 and a 200-day simple moving average of $9.41. The company has a market capitalization of $1.41 billion, a PE ratio of 5.82 and a beta of 1.10.
Hedge Funds Weigh In On Golden Ocean Group
Several institutional investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its holdings in shares of Golden Ocean Group by 683.1% in the 4th 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. Sterling Capital Management LLC increased its position in Golden Ocean Group by 830.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,897 shares of the shipping company's stock worth $35,000 after purchasing an additional 3,478 shares in the last quarter. Quarry LP raised its holdings in Golden Ocean Group by 195.3% in the fourth quarter. Quarry LP now owns 4,981 shares of the shipping company's stock valued at $45,000 after buying an additional 3,294 shares during the period. SBI Securities Co. Ltd. acquired a new position in Golden Ocean Group during the fourth quarter valued at approximately $46,000. Finally, Tower Research Capital LLC TRC grew its stake in Golden Ocean Group by 47.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,294 shares of the shipping company's stock worth $47,000 after buying an additional 1,694 shares during the period. 22.00% of the stock is currently owned by institutional investors and hedge funds.
About Golden Ocean Group
(
Get 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Golden Ocean Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golden Ocean Group wasn't on the list.
While Golden Ocean Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
