Numerai GP LLC Has $447,000 Stock Holdings in Golden Ocean Group Limited (NASDAQ:GOGL)

Numerai GP LLC decreased its position in Golden Ocean Group Limited (NASDAQ:GOGL - Free Report) by 74.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,900 shares of the shipping company's stock after selling 141,902 shares during the quarter. Numerai GP LLC's holdings in Golden Ocean Group were worth $447,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of GOGL. Jones Financial Companies Lllp increased 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 increased its position in shares of Golden Ocean Group by 830.1% in the fourth quarter. Sterling Capital Management LLC now owns 3,897 shares of the shipping company's stock worth $35,000 after acquiring an additional 3,478 shares in the last quarter. Quarry LP increased its position in shares of Golden Ocean Group by 195.3% in the fourth quarter. Quarry LP now owns 4,981 shares of the shipping company's stock worth $45,000 after acquiring an additional 3,294 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Golden Ocean Group during the fourth quarter valued at approximately $46,000. Finally, Tower Research Capital LLC TRC lifted 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 in the last quarter. 22.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. StockNews.com started coverage on shares of Golden Ocean Group in a research report on Wednesday, May 14th. They set a "hold" rating on the stock. Jefferies Financial Group lowered their price target on Golden Ocean Group from $10.00 to $8.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd.

Golden Ocean Group Stock Down 2.0%

GOGL stock traded down $0.16 during midday trading on Wednesday, reaching $7.64. The company had a trading volume of 1,229,263 shares, compared to its average volume of 2,258,888. The company has a 50 day moving average of $7.61 and a two-hundred day moving average of $8.91. The company has a market capitalization of $1.53 billion, a P/E ratio of 6.31 and a beta of 1.06. Golden Ocean Group Limited has a 1 year low of $6.27 and a 1 year 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 disclosed 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 7.86%. Golden Ocean Group's payout ratio is 53.57%.

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.