Golden Ocean Group Limited (NASDAQ:GOGL) Shares Purchased by Barclays PLC

Barclays PLC increased its position in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 766,300 shares of the shipping company's stock after purchasing an additional 92,358 shares during the period. Barclays PLC owned approximately 0.38% of Golden Ocean Group worth $6,865,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Golden Ocean Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,798,672 shares of the shipping company's stock worth $50,978,000 after purchasing an additional 71,918 shares in the last quarter. Geode Capital Management LLC raised its holdings in Golden Ocean Group by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,663,334 shares of the shipping company's stock worth $14,903,000 after purchasing an additional 9,041 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Golden Ocean Group by 229.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,139,248 shares of the shipping company's stock worth $10,208,000 after purchasing an additional 793,470 shares in the last quarter. Empowered Funds LLC increased its holdings in Golden Ocean Group by 3.6% in the fourth quarter. Empowered Funds LLC now owns 963,005 shares of the shipping company's stock valued at $8,629,000 after buying an additional 33,241 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Golden Ocean Group by 196.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 961,367 shares of the shipping company's stock valued at $8,614,000 after buying an additional 637,103 shares in the last quarter. 22.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped their target price on shares of Golden Ocean Group from $10.00 to $8.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd.

Golden Ocean Group Price Performance

Shares of GOGL stock traded up $0.05 during trading hours on Wednesday, hitting $7.72. The company's stock had a trading volume of 2,005,221 shares, compared to its average volume of 2,248,320. The business has a fifty day moving average of $7.93 and a 200-day moving average of $9.23. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 6.38 and a beta of 1.10. Golden Ocean Group Limited has a twelve month low of $6.27 and a twelve month high of $15.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65.

Golden Ocean Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a yield of 7.77%. Golden Ocean Group's dividend payout ratio (DPR) is currently 53.57%.

Golden Ocean Group Company Profile

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.