Golden Ocean Group Limited (NASDAQ:GOGL) Shares Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lifted its position in Golden Ocean Group Limited (NASDAQ:GOGL) by 74.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,074 shares of the shipping company’s stock after purchasing an additional 14,518 shares during the period. Jefferies Financial Group Inc.’s holdings in Golden Ocean Group were worth $305,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of 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 valued at $25,000 after purchasing an additional 2,391 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Golden Ocean Group by 830.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,897 shares of the shipping company’s stock valued at $35,000 after purchasing an additional 3,478 shares during the period. Quarry LP lifted its stake in shares of Golden Ocean Group by 195.3% in the 4th quarter. Quarry LP now owns 4,981 shares of the shipping company’s stock valued at $45,000 after purchasing an additional 3,294 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Golden Ocean Group in the 4th quarter valued at $46,000. Finally, Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 1,694 shares during the period. 22.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on GOGL. StockNews.com began coverage on shares of Golden Ocean Group in a research note on Wednesday. They issued a “hold” rating for the company. Jefferies Financial Group cut their price target on shares of Golden Ocean Group from $10.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd.

Golden Ocean Group Price Performance

Shares of NASDAQ GOGL opened at $8.06 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of 6.66 and a beta of 1.06. The firm has a fifty day moving average of $7.61 and a 200 day moving average of $8.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.22. Golden Ocean Group Limited has a one year low of $6.27 and a one year high of $15.77.

Golden Ocean Group Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 11th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 7.44%. The ex-dividend date was Tuesday, March 11th. Golden Ocean Group’s payout ratio is presently 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.