Analysts at StockNews.com started coverage on shares of Golden Ocean Group (NASDAQ:GOGL - Get Free Report) in a report released on Thursday. The firm set a "hold" rating on the shipping company's stock.
Separately, Jefferies Financial Group cut their price objective on shares of Golden Ocean Group from $10.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd.
View Our Latest Stock Report on Golden Ocean Group
Golden Ocean Group Stock Down 3.2%
Shares of GOGL opened at $7.54 on Thursday. The company has a 50-day simple moving average of $7.60 and a 200-day simple moving average of $8.91. The firm has a market capitalization of $1.51 billion, a P/E ratio of 6.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22. Golden Ocean Group has a 52 week low of $6.27 and a 52 week high of $14.82.
Institutional Investors Weigh In On Golden Ocean Group
A number of institutional investors have recently bought and sold shares of GOGL. New York State Common Retirement Fund increased its stake in Golden Ocean Group by 16.5% in the fourth quarter. New York State Common Retirement Fund now owns 222,238 shares of the shipping company's stock valued at $1,991,000 after acquiring an additional 31,500 shares during the period. Empowered Funds LLC raised its holdings in shares of Golden Ocean Group by 3.6% in the 4th quarter. Empowered Funds LLC now owns 963,005 shares of the shipping company's stock worth $8,629,000 after buying an additional 33,241 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Golden Ocean Group by 2,893.9% in the 4th quarter. Victory Capital Management Inc. now owns 414,121 shares of the shipping company's stock worth $3,711,000 after buying an additional 400,289 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Golden Ocean Group in the 4th quarter worth approximately $46,000. Finally, Kingsview Wealth Management LLC acquired a new position in shares of Golden Ocean Group in the 4th quarter worth approximately $519,000. Institutional investors and hedge funds own 22.00% of the company's stock.
About Golden Ocean Group
(
Get 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Golden Ocean Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Golden Ocean Group wasn't on the list.
While Golden Ocean Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
