Invesco Ltd. Has $1 Million Stock Holdings in Golden Ocean Group Limited (NASDAQ:GOGL)

Invesco Ltd. decreased its holdings in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,717 shares of the shipping company’s stock after selling 3,168 shares during the quarter. Invesco Ltd. owned about 0.06% of Golden Ocean Group worth $1,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of GOGL. Jones Financial Companies Lllp lifted its position in shares of Golden Ocean Group by 683.1% in the fourth quarter. Jones Financial Companies Lllp now owns 2,741 shares of the shipping company’s stock worth $25,000 after purchasing an additional 2,391 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Golden Ocean Group during the fourth quarter worth approximately $46,000. Cibc World Markets Corp bought a new stake in Golden Ocean Group in the 4th quarter valued at about $102,000. MQS Management LLC acquired a new stake in Golden Ocean Group during the fourth quarter worth approximately $120,000. Finally, Cerity Partners LLC bought a new position in shares of Golden Ocean Group in the fourth quarter worth $135,000. Institutional investors and hedge funds own 22.00% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group cut their target price on Golden Ocean Group from $10.00 to $8.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd.

Golden Ocean Group Price Performance

Shares of GOGL stock opened at $7.66 on Friday. 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 fifty-two week low of $6.27 and a fifty-two week high of $15.77. The firm has a market cap of $1.53 billion, a P/E ratio of 6.33 and a beta of 1.10. The business’s 50 day moving average price is $7.90 and its 200-day moving average price is $9.21.

Golden Ocean Group Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were paid a $0.15 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 annualized dividend and a dividend yield of 7.83%. Golden Ocean Group’s dividend payout ratio is presently 53.57%.

Golden Ocean Group Company 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.