Walleye Capital LLC lowered its position in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 72.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,542 shares of the shipping company's stock after selling 107,297 shares during the quarter. Walleye Capital LLC's holdings in Golden Ocean Group were worth $556,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in GOGL. Nisa Investment Advisors LLC increased its stake in Golden Ocean Group by 1,720.1% in the 2nd 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. EverSource Wealth Advisors LLC increased its stake in Golden Ocean Group by 2,319.5% in the 2nd 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 period. FMR LLC increased its stake in Golden Ocean Group by 146.8% in the 3rd quarter. FMR LLC now owns 12,210 shares of the shipping company's stock valued at $163,000 after buying an additional 7,263 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake 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 valued at $225,000 after buying an additional 2,267 shares during the period. Finally, Blue Trust Inc. increased its stake in Golden Ocean Group by 10,268.6% in the 2nd quarter. Blue Trust Inc. now owns 19,493 shares of the shipping company's stock valued at $253,000 after buying an additional 19,305 shares during the period. Institutional investors and hedge funds own 22.00% of the company's stock.
Golden Ocean Group Stock Up 2.6 %
Shares of GOGL traded up $0.24 during mid-day trading on Monday, hitting $9.51. 2,466,884 shares of the company's stock were exchanged, compared to its average volume of 1,603,742. The firm has a fifty day moving average of $11.30 and a two-hundred day moving average of $12.28. Golden Ocean Group Limited has a twelve month low of $8.42 and a twelve month high of $15.77. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 7.86 and a beta of 1.16. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.65.
Golden Ocean Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, December 9th. This represents a $1.20 annualized dividend and a dividend yield of 12.62%. Golden Ocean Group's dividend payout ratio (DPR) is 99.17%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. 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. StockNews.com lowered shares of Golden Ocean Group from a "buy" rating to a "hold" rating in a research note on Saturday, October 5th. Finally, Jefferies Financial Group dropped their price target on shares of Golden Ocean Group from $12.50 to $12.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th.
Get Our Latest Stock Analysis on GOGL
Golden Ocean Group Profile
(
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.
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