22 hours Ago By Defense World Staff
Renaissance Technologies LLC increased its holdings in shares of Golden Ocean Group Limited (NASDAQ:GOGL – Free Report) by 119.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,907 shares of the shipping company’s stock after acquiring an additional 76,207 shares during the quarter.
Renaissance Technologies LLC owned about 0.07% of Golden Ocean Group worth $1,254,000 at the end of the most recent reporting period. A number of other hedge funds also recently bought and sold shares of the business.
Vanguard Group Inc. lifted its holdings in Golden Ocean Group by 1.3% in the fourth quarter.
Vanguard Group Inc. now owns 5,798,672 shares of the shipping company’s stock valued at $50,978,000 after acquiring an additional 71,918 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Golden Ocean Group by 0.
5% during the 4th quarter. Geode Capital Management LLC now owns 1,663,334 shares of the shipping company’s stock valued at $14,903,000 after acquiring an additional 9,041 shares during the period. Bank of New York Mellon Corp grew its position in Golden Ocean Group by 229.
5% in 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 acquiring an additional 793,470 shares in the last quarter. Empowered Funds LLC increased its stake in Golden Ocean Group by 3.
6% during the fourth quarter. Empowered Funds LLC now owns 963,005 shares of the shipping company’s stock worth $8,629,000 after purchasing an additional 33,241 shares during the period. Finally, Assenagon Asset Management S.
A. lifted its position in shares of Golden Ocean Group by 196.5% during the fourth quarter.
Assenagon Asset Management S.A. now owns 961,367 shares of the shipping company’s stock worth $8,614,000 after purchasing an additional 637,103 shares in the last quarter.
Institutional investors and hedge funds own 22.00% of the company’s stock. Golden Ocean Group Stock Up 1.
6 %Golden Ocean Group stock opened at $7.67 on Wednesday. The stock’s fifty day moving average is $7.
97 and its two-hundred day moving average is $9.25. The stock has a market cap of $1.
53 billion, a PE ratio of 6.34 and a beta of 1.10.
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 current ratio of 1.22 and a quick ratio of 1.
22. Golden Ocean Group Cuts DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.
15 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.
60 annualized dividend and a dividend yield of 7.82%. Golden Ocean Group’s dividend payout ratio is presently 53.
57%. Analyst Ratings ChangesSeparately, Jefferies Financial Group cut their target price on shares of Golden Ocean Group from $10.00 to $8.
00 and set a “hold” rating on the stock in a research note on Wednesday, April 23rd.Read Our Latest Research Report on Golden Ocean GroupAbout 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.Read MoreFive stocks we like better than Golden Ocean GroupWhat is a penny stock? A comprehensive guideDon’t Be Fooled by the Bounce: The Market Storm Isn’t Over YetWhat is a Special Dividend?Coca-Cola Company Stock Can Bubble to New Highs This YearWhen to Sell a Stock for Profit or Loss3 Stocks Lifting 2025 Guidance Despite Market Jitters.
