Quantbot Technologies LP Has $1.59 Million Stock Holdings in Golden Ocean Group Limited (NASDAQ:GOGL)

Quantbot Technologies LP trimmed its stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,358 shares of the shipping company's stock after selling 51,614 shares during the quarter. Quantbot Technologies LP owned approximately 0.09% of Golden Ocean Group worth $1,589,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in GOGL. Two Sigma Advisers LP lifted its position in shares of Golden Ocean Group by 6.9% during the third quarter. Two Sigma Advisers LP now owns 2,751,677 shares of the shipping company's stock worth $36,817,000 after purchasing an additional 177,100 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Golden Ocean Group by 229.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,139,248 shares of the shipping company's stock valued at $10,208,000 after purchasing an additional 793,470 shares during the period. Empowered Funds LLC grew its stake in Golden Ocean Group by 3.6% during the 4th quarter. Empowered Funds LLC now owns 963,005 shares of the shipping company's stock worth $8,629,000 after buying an additional 33,241 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Golden Ocean Group by 196.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 961,367 shares of the shipping company's stock worth $8,614,000 after acquiring an additional 637,103 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in Golden Ocean Group in the 3rd quarter valued at about $9,360,000. 22.00% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

Golden Ocean Group Stock Up 1.3 %

Shares of NASDAQ GOGL traded up $0.10 during trading hours on Tuesday, hitting $7.99. The stock had a trading volume of 4,106,740 shares, compared to its average volume of 1,822,819. The firm's 50-day moving average price is $8.94 and its two-hundred day moving average price is $10.17. Golden Ocean Group Limited has a 52 week low of $7.49 and a 52 week high of $15.77. The company has a market capitalization of $1.60 billion, a P/E ratio of 6.60 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22.

Golden Ocean Group Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.51%. The ex-dividend date was Tuesday, March 11th. Golden Ocean Group's dividend payout ratio is currently 53.57%.

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.