Nisa Investment Advisors LLC Buys 3,595 Shares of Golden Ocean Group Limited (NASDAQ:GOGL)

Nisa Investment Advisors LLC lifted its stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 1,720.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,804 shares of the shipping company’s stock after purchasing an additional 3,595 shares during the period. Nisa Investment Advisors LLC’s holdings in Golden Ocean Group were worth $52,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SummerHaven Investment Management LLC grew its holdings in Golden Ocean Group by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 93,662 shares of the shipping company’s stock worth $914,000 after purchasing an additional 1,192 shares during the period. ProShare Advisors LLC raised its stake in Golden Ocean Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 22,128 shares of the shipping company’s stock valued at $287,000 after acquiring an additional 1,742 shares during the period. Swiss National Bank lifted its holdings in Golden Ocean Group by 1.6% during the 1st quarter. Swiss National Bank now owns 261,158 shares of the shipping company’s stock valued at $3,298,000 after purchasing an additional 4,124 shares during the last quarter. VisionPoint Advisory Group LLC bought a new position in Golden Ocean Group during the fourth quarter worth $41,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Golden Ocean Group by 16.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 35,144 shares of the shipping company’s stock valued at $456,000 after purchasing an additional 4,858 shares during the last quarter. Institutional investors and hedge funds own 22.00% of the company’s stock.

Golden Ocean Group Stock Up 0.8 %

GOGL opened at $12.24 on Monday. The stock has a fifty day moving average of $12.81 and a 200-day moving average of $13.11. The company has a market capitalization of $2.44 billion, a P/E ratio of 13.16 and a beta of 1.16. Golden Ocean Group Limited has a fifty-two week low of $6.89 and a fifty-two week high of $15.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.25 and a current ratio of 1.25.

Analysts Set New Price Targets

Several analysts recently commented on GOGL shares. Jefferies Financial Group downgraded shares of Golden Ocean Group from a “buy” rating to a “hold” rating and set a $15.50 target price for the company. in a report on Wednesday, May 22nd. StockNews.com downgraded Golden Ocean Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th.

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.