85,935 Shares in Golden Ocean Group Limited (NASDAQ:GOGL) Acquired by Dakota Wealth Management

Dakota Wealth Management bought a new stake in shares of Golden Ocean Group Limited (NASDAQ:GOGLFree Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 85,935 shares of the shipping company’s stock, valued at approximately $770,000.

Several other hedge funds also recently bought and sold shares of GOGL. Point72 Hong Kong Ltd purchased a new stake in shares of Golden Ocean Group in the third quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its holdings 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 purchasing an additional 8,791 shares in the last quarter. FMR LLC boosted its stake in shares of Golden Ocean Group by 146.8% during the 3rd quarter. FMR LLC now owns 12,210 shares of the shipping company’s stock worth $163,000 after purchasing an additional 7,263 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Golden Ocean Group by 16.0% during the second 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 in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Golden Ocean Group by 96.3% in the third quarter. Quantinno Capital Management LP now owns 19,740 shares of the shipping company’s stock valued at $264,000 after buying an additional 9,684 shares during the last quarter. Hedge funds and other institutional investors own 22.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group decreased their target price on shares of Golden Ocean Group from $12.50 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. StockNews.com cut Golden Ocean Group from a “buy” rating to a “hold” rating in a report on Saturday, October 5th. Finally, Pareto Securities reissued a “hold” rating and issued a $12.50 price objective on shares of Golden Ocean Group in a research report on Thursday, November 21st.

Read Our Latest Research Report on GOGL

Golden Ocean Group Stock Down 1.4 %

Shares of NASDAQ GOGL opened at $8.89 on Friday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 7.35 and a beta of 1.18. Golden Ocean Group Limited has a 1 year low of $8.52 and a 1 year high of $15.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s 50-day simple moving average is $9.57 and its 200-day simple moving average is $11.21.

Golden Ocean Group (NASDAQ:GOGLGet Free Report) last issued its quarterly earnings data on Wednesday, November 27th. The shipping company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Golden Ocean Group had a return on equity of 13.14% and a net margin of 23.89%. As a group, equities analysts anticipate that Golden Ocean Group Limited will post 1.17 earnings per share for the current fiscal year.

Golden Ocean Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Monday, December 9th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 13.50%. The ex-dividend date was Monday, December 9th. Golden Ocean Group’s payout ratio is currently 99.17%.

About Golden Ocean Group

(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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Institutional Ownership by Quarter for Golden Ocean Group (NASDAQ:GOGL)

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