Golden Ocean Group Limited (NASDAQ:GOGL) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 215.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 189,383 shares of the shipping company's stock after acquiring an additional 129,432 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Golden Ocean Group worth $1,511,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Golden Ocean Group by 683.1% in the 4th quarter. Jones Financial Companies Lllp now owns 2,741 shares of the shipping company's stock worth $25,000 after purchasing an additional 2,391 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Golden Ocean Group by 830.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,897 shares of the shipping company's stock worth $35,000 after buying an additional 3,478 shares during the period. Quarry LP grew its holdings in shares of Golden Ocean Group by 195.3% during the fourth quarter. Quarry LP now owns 4,981 shares of the shipping company's stock valued at $45,000 after buying an additional 3,294 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Golden Ocean Group during the fourth quarter valued at $46,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Golden Ocean Group by 47.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,294 shares of the shipping company's stock valued at $47,000 after acquiring an additional 1,694 shares during the period. Hedge funds and other institutional investors own 22.00% of the company's stock.

Golden Ocean Group Stock Performance

NASDAQ GOGL traded down $0.04 on Tuesday, reaching $7.85. 1,899,371 shares of the company's stock traded hands, compared to its average volume of 2,272,432. Golden Ocean Group Limited has a fifty-two week low of $6.27 and a fifty-two week high of $14.29. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 15.17 and a beta of 1.10. The stock has a 50 day moving average price of $7.56 and a 200-day moving average price of $8.40.

Golden Ocean Group (NASDAQ:GOGL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The shipping company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.09). The company had revenue of $115.00 million during the quarter, compared to analyst estimates of $106.48 million. Golden Ocean Group had a net margin of 13.16% and a return on equity of 5.56%. Equities research analysts predict that Golden Ocean Group Limited will post 1.14 EPS for the current fiscal year.

Golden Ocean Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 17th. Shareholders of record on Thursday, June 5th will be given a $0.05 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.20 annualized dividend and a yield of 2.55%. Golden Ocean Group's dividend payout ratio is presently 35.09%.

Wall Street Analyst Weigh In

A number of analysts have commented on GOGL shares. Wall Street Zen assumed coverage on Golden Ocean Group in a research report on Thursday, May 22nd. They set a "hold" rating for the company. Jefferies Financial Group dropped their target price on 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 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.