Two Sigma Securities LLC Invests $141,000 in Golden Ocean Group Limited (NASDAQ:GOGL)

Two Sigma Securities LLC bought a new stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,717 shares of the shipping company’s stock, valued at approximately $141,000.

A number of other large investors also recently added to or reduced their stakes in GOGL. JPMorgan Chase & Co. lifted its stake in Golden Ocean Group by 31.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 444,453 shares of the shipping company’s stock worth $5,947,000 after purchasing an additional 106,966 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in shares of Golden Ocean Group by 70.6% in the fourth quarter. Harbour Capital Advisors LLC now owns 41,515 shares of the shipping company’s stock worth $378,000 after buying an additional 17,185 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Golden Ocean Group by 196.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 961,367 shares of the shipping company’s stock worth $8,614,000 after buying an additional 637,103 shares in the last quarter. Dakota Wealth Management bought a new position in Golden Ocean Group during the fourth quarter valued at approximately $770,000. Finally, SG Americas Securities LLC grew its holdings in Golden Ocean Group by 26.7% during the 4th quarter. SG Americas Securities LLC now owns 59,951 shares of the shipping company’s stock valued at $537,000 after buying an additional 12,647 shares in the last quarter. 22.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group decreased their price objective 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 0.8 %

Shares of NASDAQ GOGL opened at $7.66 on Friday. 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 Limited has a 12-month low of $6.27 and a 12-month high of $15.77. The firm’s 50-day moving average price is $7.90 and its 200-day moving average price is $9.21. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 6.33 and a beta of 1.10.

Golden Ocean Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 11th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a yield of 7.83%. Golden Ocean Group’s dividend payout ratio (DPR) is presently 53.57%.

About Golden Ocean Group

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.