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 %
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
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.
- Get a free copy of the StockNews.com research report on Golden Ocean Group (GOGL)
- monday.com Surges on Price and Volume after Blowout Results
- Can Ryanair Stock Fly Above Resistance Levels, What Earnings Show
- All Aboard! The Sell-Side Has Railroads In Reversal
- Is There Value Left in Lyft Stock?
- Everything About ZIM Integrated Screams Undervaluation
Receive News & Ratings for Golden Ocean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group and related companies with MarketBeat.com's FREE daily email newsletter.