73,393 Shares in Golden Ocean Group Limited (NASDAQ:GOGL) Bought by Teza Capital Management LLC

Teza Capital Management LLC acquired a new stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 73,393 shares of the shipping company's stock, valued at approximately $658,000.

Other large investors also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Golden Ocean Group by 683.1% during the 4th quarter. Jones Financial Companies Lllp now owns 2,741 shares of the shipping company's stock valued at $25,000 after acquiring an additional 2,391 shares during the period. Sterling Capital Management LLC boosted its holdings in Golden Ocean Group by 830.1% during the 4th quarter. Sterling Capital Management LLC now owns 3,897 shares of the shipping company's stock valued at $35,000 after acquiring an additional 3,478 shares during the period. Quarry LP boosted its holdings in Golden Ocean Group by 195.3% during the 4th quarter. Quarry LP now owns 4,981 shares of the shipping company's stock valued at $45,000 after acquiring an additional 3,294 shares during the period. SBI Securities Co. Ltd. purchased a new position in Golden Ocean Group during the 4th quarter valued at $46,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Golden Ocean Group by 47.1% during 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 Up 0.8%

Shares of GOGL stock traded up $0.06 during mid-day trading on Friday, hitting $7.23. The stock had a trading volume of 2,322,489 shares, compared to its average volume of 2,247,456. Golden Ocean Group Limited has a 12-month low of $6.27 and a 12-month high of $14.82. The firm has a market capitalization of $1.45 billion, a P/E 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 $8.84. 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 (NASDAQ:GOGL - Get Free Report) last issued its 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). Golden Ocean Group had a return on equity of 13.14% and a net margin of 23.89%. The firm had revenue of $115.00 million during the quarter, compared to analysts' expectations of $106.48 million. On average, analysts predict that Golden Ocean Group Limited will post 1.14 earnings per share for the current fiscal year.

Golden Ocean Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date of this dividend was Tuesday, March 11th. Golden Ocean Group's dividend payout ratio (DPR) is currently 53.57%.

Analyst Ratings Changes

GOGL has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price objective on Golden Ocean Group from $10.00 to $8.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen started coverage on Golden Ocean Group in a report on Thursday. They set a "hold" rating for the company.

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.