126,516 Shares in Golden Ocean Group Limited (NASDAQ:GOGL) Acquired by AQR Capital Management LLC

AQR Capital Management LLC acquired a new stake in Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 126,516 shares of the shipping company's stock, valued at approximately $1,746,000. AQR Capital Management LLC owned about 0.06% of Golden Ocean Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its stake in Golden Ocean Group by 1.1% during the 2nd quarter. SummerHaven Investment Management LLC now owns 95,615 shares of the shipping company's stock worth $1,319,000 after buying an additional 1,042 shares during the period. ProShare Advisors LLC grew its position in shares of Golden Ocean Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 22,128 shares of the shipping company's stock valued at $287,000 after purchasing an additional 1,742 shares during the period. Sei Investments Co. increased its stake in Golden Ocean Group by 4.1% during the 2nd quarter. Sei Investments Co. now owns 54,404 shares of the shipping company's stock worth $751,000 after purchasing an additional 2,144 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Golden Ocean Group by 16.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,420 shares of the shipping company's stock worth $225,000 after buying an additional 2,267 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Golden Ocean Group by 1,720.1% in the second quarter. Nisa Investment Advisors LLC now owns 3,804 shares of the shipping company's stock valued at $52,000 after buying an additional 3,595 shares during the period. Institutional investors and hedge funds own 22.00% of the company's stock.

Golden Ocean Group Stock Up 1.4 %

NASDAQ GOGL traded up $0.17 during trading hours on Thursday, hitting $12.39. 589,583 shares of the company traded hands, compared to its average volume of 1,603,976. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.17. The business's 50-day moving average is $12.16 and its 200-day moving average is $13.10. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 13.14 and a beta of 1.17. Golden Ocean Group Limited has a twelve month low of $7.09 and a twelve month high of $15.77.

Golden Ocean Group (NASDAQ:GOGL - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The shipping company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.28 by $0.04. The company had revenue of $197.35 million during the quarter, compared to the consensus estimate of $187.74 million. Golden Ocean Group had a return on equity of 10.57% and a net margin of 22.01%. Sell-side analysts anticipate that Golden Ocean Group Limited will post 1.35 earnings per share for the current year.

Golden Ocean Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Wednesday, September 11th were issued 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 9.69%. Golden Ocean Group's payout ratio is 129.03%.

Analyst Upgrades and Downgrades

GOGL has been the topic of several research reports. Jefferies Financial Group cut their price objective on shares of Golden Ocean Group from $15.50 to $14.50 and set a "hold" rating on the stock in a research report on Wednesday, August 28th. StockNews.com lowered Golden Ocean Group from a "buy" rating to a "hold" rating in a report on Saturday, October 5th.

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.