Golden Ocean Group Limited $GOGL Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its position in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 4.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,548,492 shares of the shipping company’s stock after selling 250,180 shares during the period. Vanguard Group Inc. owned approximately 2.77% of Golden Ocean Group worth $44,561,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CWM LLC lifted its stake in Golden Ocean Group by 330.1% during the 1st quarter. CWM LLC now owns 3,402 shares of the shipping company’s stock worth $27,000 after acquiring an additional 2,611 shares in the last quarter. Quarry LP increased its stake in Golden Ocean Group by 195.3% during the fourth quarter. Quarry LP now owns 4,981 shares of the shipping company’s stock worth $45,000 after purchasing an additional 3,294 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Golden Ocean Group by 47.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,294 shares of the shipping company’s stock worth $47,000 after purchasing an additional 1,694 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Golden Ocean Group by 405.6% in the first quarter. Nisa Investment Advisors LLC now owns 8,100 shares of the shipping company’s stock valued at $65,000 after purchasing an additional 6,498 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Golden Ocean Group by 63.7% in the first quarter. SBI Securities Co. Ltd. now owns 8,395 shares of the shipping company’s stock valued at $67,000 after purchasing an additional 3,267 shares during the period. 22.00% of the stock is owned by institutional investors and hedge funds.

Golden Ocean Group Price Performance

Golden Ocean Group stock opened at $7.98 on Tuesday. The stock has a market cap of $1.59 billion, a PE ratio of 14.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s fifty day moving average is $8.11 and its two-hundred day moving average is $8.04. Golden Ocean Group Limited has a 1-year low of $6.27 and a 1-year high of $13.44.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Golden Ocean Group in a research note on Thursday, May 22nd. They set a “hold” rating on the stock. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.25.

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.