Golden Ocean Group Limited (NASDAQ:GOGL) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its position in Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 114.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,499,244 shares of the shipping company's stock after acquiring an additional 799,244 shares during the period. Golden Ocean Group accounts for approximately 1.2% of Mirabella Financial Services LLP's investment portfolio, making the stock its 18th biggest holding. Mirabella Financial Services LLP owned about 0.75% of Golden Ocean Group worth $13,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOGL. 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 acquiring an additional 2,391 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Golden Ocean Group by 830.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,897 shares of the shipping company's stock valued at $35,000 after purchasing an additional 3,478 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Golden Ocean Group in the fourth quarter valued at $46,000. Townsquare Capital LLC purchased a new stake in shares of Golden Ocean Group in the fourth quarter worth about $99,000. Finally, Cibc World Markets Corp acquired a new stake in Golden Ocean Group during the fourth quarter worth about $102,000. Hedge funds and other institutional investors own 22.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a "hold" rating and issued a $10.00 price target on shares of Golden Ocean Group in a report on Wednesday, February 26th.

Golden Ocean Group Stock Performance

GOGL traded down $0.08 on Tuesday, reaching $7.04. The stock had a trading volume of 2,460,857 shares, compared to its average volume of 2,187,557. The business's 50-day moving average price is $8.15 and its two-hundred day moving average price is $9.41. The company has a market cap of $1.41 billion, a P/E ratio of 5.82 and a beta of 1.10. Golden Ocean Group Limited has a 12-month low of $6.27 and a 12-month high of $15.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65.

Golden Ocean Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were issued a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 8.52%. Golden Ocean Group's payout ratio is 53.57%.

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.