1 day Ago By ABMN Staff
Renaissance Technologies LLC lifted its holdings in shares of Golden Ocean Group Limited ( NASDAQ:GOGL – Free Report ) by 119.6% in the 4th quarter, Holdings Channel.com reports.
The institutional investor owned 139,907 shares of the shipping company’s stock after buying an additional 76,207 shares during the quarter. Renaissance Technologies LLC’s holdings in Golden Ocean Group were worth $1,254,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors also recently modified their holdings of the company.
Jones Financial Companies Lllp increased its stake in shares of Golden Ocean Group by 683.1% during the fourth quarter. Jones Financial Companies Lllp now owns 2,741 shares of the shipping company’s stock worth $25,000 after acquiring an additional 2,391 shares during the period.
SBI Securities Co. Ltd. acquired a new position in Golden Ocean Group during the fourth quarter worth $46,000.
Cibc World Markets Corp purchased a new position in Golden Ocean Group in the fourth quarter worth $102,000. MQS Management LLC purchased a new stake in shares of Golden Ocean Group during the 4th quarter worth $120,000. Finally, Cerity Partners LLC acquired a new position in shares of Golden Ocean Group during the 4th quarter worth $135,000.
22.00% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades Separately, Jefferies Financial Group decreased their price objective on shares of Golden Ocean Group from $10.
00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Golden Ocean Group Price Performance GOGL opened at $7.
67 on Wednesday. Golden Ocean Group Limited has a 1 year low of $6.27 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 company’s 50 day simple moving average is $7.
97 and its 200 day simple moving average is $9.25. The stock has a market capitalization of $1.
53 billion, a PE ratio of 6.34 and a beta of 1.10.
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 of this dividend was Tuesday, March 11th. This represents a $0.60 annualized dividend and a yield of 7.
82%. Golden Ocean Group’s payout ratio is 53.57%.
Golden Ocean Group Company 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.
Read More Want to see what other hedge funds are holding GOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Golden Ocean Group Limited ( NASDAQ:GOGL – Free Report ). Receive News & Ratings for Golden Ocean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group and related companies with MarketBeat.
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