Golden Ocean Group Limited (NASDAQ:GOGL) Shares Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC raised its stake in Golden Ocean Group Limited (NASDAQ:GOGL) by 31.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,137 shares of the shipping company’s stock after buying an additional 7,237 shares during the period. Aquatic Capital Management LLC’s holdings in Golden Ocean Group were worth $270,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of GOGL. Vanguard Group Inc. raised its position in shares of Golden Ocean Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,798,672 shares of the shipping company’s stock worth $50,978,000 after purchasing an additional 71,918 shares during the period. Geode Capital Management LLC raised its holdings in Golden Ocean Group by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,663,334 shares of the shipping company’s stock worth $14,903,000 after buying an additional 9,041 shares during the period. Mirabella Financial Services LLP lifted its stake in Golden Ocean Group by 114.2% during the fourth quarter. Mirabella Financial Services LLP now owns 1,499,244 shares of the shipping company’s stock valued at $13,222,000 after buying an additional 799,244 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Golden Ocean Group by 229.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,139,248 shares of the shipping company’s stock worth $10,208,000 after buying an additional 793,470 shares during the period. Finally, Empowered Funds LLC increased its position in shares of Golden Ocean Group by 3.6% in the fourth quarter. Empowered Funds LLC now owns 963,005 shares of the shipping company’s stock worth $8,629,000 after acquiring an additional 33,241 shares in the last quarter. Institutional investors and hedge funds own 22.00% of the company’s stock.

Golden Ocean Group Stock Up 2.1 %

Shares of Golden Ocean Group stock opened at $7.82 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 1 year low of $6.27 and a 1 year high of $15.77. The stock has a 50-day moving average price of $7.87 and a 200 day moving average price of $9.17. The company has a market cap of $1.56 billion, a P/E ratio of 6.46 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. Investors of record on Tuesday, March 11th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend was Tuesday, March 11th. Golden Ocean Group’s payout ratio is presently 53.57%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group decreased 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 note on Wednesday, April 23rd.

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.