22,110 Shares in Golden Ocean Group Limited (NASDAQ:GOGL) Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System acquired a new position in shares of Golden Ocean Group Limited (NASDAQ:GOGL – Get Rating) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,110 shares of the shipping company’s stock, valued at approximately $192,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc bought a new position in Golden Ocean Group in the second quarter valued at about $27,000. Optiver Holding B.V. acquired a new stake in Golden Ocean Group during the third quarter worth approximately $60,000. Prelude Capital Management LLC acquired a new stake in Golden Ocean Group during the third quarter worth approximately $78,000. Jump Financial LLC acquired a new stake in Golden Ocean Group during the third quarter worth approximately $80,000. Finally, DAVENPORT & Co LLC acquired a new stake in Golden Ocean Group during the fourth quarter worth approximately $93,000. 37.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $9.50 target price on shares of Golden Ocean Group in a research note on Thursday, February 16th. StockNews.com assumed coverage on Golden Ocean Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Pareto Securities raised Golden Ocean Group from a “sell” rating to a “hold” rating in a research note on Friday, May 12th.

Golden Ocean Group Trading Down 2.3 %

Shares of Golden Ocean Group stock opened at $8.07 on Tuesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.20 and a current ratio of 1.14. Golden Ocean Group Limited has a 52 week low of $7.24 and a 52 week high of $16.46. The stock has a 50 day moving average price of $9.04 and a two-hundred day moving average price of $9.12. The stock has a market capitalization of $1.62 billion, a PE ratio of 4.95 and a beta of 1.24.

Golden Ocean Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 26th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 25th. This represents a $0.40 annualized dividend and a dividend yield of 4.96%. Golden Ocean Group’s payout ratio is 24.54%.

Golden Ocean Group Company Profile

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Golden Ocean Group Ltd. engages in the ownership and operation of dry bulk vessels. It manages Newcastlemax, Capesize, Panamax, and Ultramax vessels and transports bulk commodities, including ores, coal, grains, and fertilizers. It is also involved in the charter, purchase, and sale of vessels. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.