Gotham Asset Management LLC Purchases 35,583 Shares of Golden Ocean Group Limited (NASDAQ:GOGL)

Gotham Asset Management LLC grew its holdings in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 57.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 97,723 shares of the shipping company's stock after acquiring an additional 35,583 shares during the period. Gotham Asset Management LLC's holdings in Golden Ocean Group were worth $876,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of GOGL. MetLife Investment Management LLC raised its stake in Golden Ocean Group by 1.7% during the fourth quarter. MetLife Investment Management LLC now owns 71,533 shares of the shipping company's stock worth $641,000 after buying an additional 1,201 shares during the last quarter. Swiss National Bank grew its holdings in shares of Golden Ocean Group by 0.6% during the fourth quarter. Swiss National Bank now owns 257,524 shares of the shipping company's stock valued at $2,259,000 after buying an additional 1,658 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Golden Ocean Group by 47.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,294 shares of the shipping company's stock valued at $47,000 after buying an additional 1,694 shares during the last quarter. Jones Financial Companies Lllp grew its holdings 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 valued at $25,000 after buying an additional 2,391 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Golden Ocean Group by 9.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 36,786 shares of the shipping company's stock valued at $330,000 after buying an additional 3,106 shares during the last quarter. Institutional investors own 22.00% of the company's stock.

Golden Ocean Group Trading Up 0.8%

Shares of Golden Ocean Group stock traded up $0.06 during trading on Friday, reaching $7.23. The company's stock had a trading volume of 2,322,489 shares, compared to its average volume of 2,246,860. Golden Ocean Group Limited has a 52-week low of $6.27 and a 52-week high of $14.82. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 5.98 and a beta of 1.06. The firm's 50-day moving average is $7.58 and its two-hundred day moving average is $8.85. 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 (NASDAQ:GOGL - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The shipping company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The firm had revenue of $115.00 million for the quarter, compared to analysts' expectations of $106.48 million. Golden Ocean Group had a net margin of 23.89% and a return on equity of 13.14%. On average, sell-side analysts anticipate that Golden Ocean Group Limited will post 1.14 earnings per share for the current year.

Golden Ocean Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 8.30%. Golden Ocean Group's dividend payout ratio is 53.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wall Street Zen assumed coverage on shares of Golden Ocean Group in a report on Thursday. They set a "hold" rating for the company. Jefferies Financial Group lowered 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 research report on Wednesday, April 23rd.

Golden Ocean Group 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.