Golden Ocean Group Limited (NASDAQ:GOGL) Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC raised its stake in Golden Ocean Group Limited (NASDAQ:GOGLFree Report) by 108.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 712,829 shares of the shipping company’s stock after acquiring an additional 370,918 shares during the quarter. Hsbc Holdings PLC owned approximately 0.36% of Golden Ocean Group worth $6,928,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of GOGL. Principal Financial Group Inc. lifted its holdings in Golden Ocean Group by 39.3% in the third quarter. Principal Financial Group Inc. now owns 18,219 shares of the shipping company’s stock valued at $144,000 after acquiring an additional 5,142 shares during the period. Barclays PLC lifted its holdings in Golden Ocean Group by 45.2% in the third quarter. Barclays PLC now owns 546,432 shares of the shipping company’s stock valued at $4,307,000 after acquiring an additional 170,193 shares during the period. New York State Common Retirement Fund lifted its holdings in Golden Ocean Group by 557.4% in the third quarter. New York State Common Retirement Fund now owns 249,523 shares of the shipping company’s stock valued at $1,966,000 after acquiring an additional 211,567 shares during the period. Swiss National Bank lifted its holdings in Golden Ocean Group by 1.4% in the third quarter. Swiss National Bank now owns 288,459 shares of the shipping company’s stock valued at $2,282,000 after acquiring an additional 3,939 shares during the period. Finally, Hosking Partners LLP lifted its holdings in Golden Ocean Group by 20.1% in the third quarter. Hosking Partners LLP now owns 707,321 shares of the shipping company’s stock valued at $5,574,000 after acquiring an additional 118,173 shares during the period. 22.00% of the stock is owned by institutional investors and hedge funds.

Golden Ocean Group Stock Down 2.4 %

Golden Ocean Group stock opened at $14.04 on Tuesday. The stock has a market capitalization of $2.80 billion, a PE ratio of 15.10 and a beta of 1.23. Golden Ocean Group Limited has a 12 month low of $6.89 and a 12 month high of $15.77. The business has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $11.75. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.25 and a quick ratio of 1.25.

Golden Ocean Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, June 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.55%. The ex-dividend date is Friday, June 7th. Golden Ocean Group’s payout ratio is 129.03%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on GOGL shares. StockNews.com upgraded Golden Ocean Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Jefferies Financial Group cut Golden Ocean Group from a “buy” rating to a “hold” rating and set a $15.50 price objective for the company. in a research report on Wednesday, May 22nd.

Read Our Latest Report on GOGL

About Golden Ocean Group

(Free Report)

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.

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Institutional Ownership by Quarter for Golden Ocean Group (NASDAQ:GOGL)

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