Harbour Capital Advisors LLC Buys 17,185 Shares of Golden Ocean Group Limited (NASDAQ:GOGL)

Harbour Capital Advisors LLC boosted its position in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 70.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,515 shares of the shipping company’s stock after acquiring an additional 17,185 shares during the period. Harbour Capital Advisors LLC’s holdings in Golden Ocean Group were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its position in shares of Golden Ocean Group by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,840 shares of the shipping company’s stock valued at $605,000 after purchasing an additional 1,300 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its position in Golden Ocean Group by 6.4% during the third quarter. Onyx Bridge Wealth Group LLC now owns 31,776 shares of the shipping company’s stock worth $425,000 after buying an additional 1,917 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Golden Ocean Group in the 3rd quarter worth about $28,000. Sei Investments Co. increased its holdings in shares of Golden Ocean Group by 4.1% in the 2nd quarter. Sei Investments Co. now owns 54,404 shares of the shipping company’s stock worth $751,000 after buying an additional 2,144 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Golden Ocean Group by 16.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,420 shares of the shipping company’s stock valued at $225,000 after acquiring an additional 2,267 shares during the last quarter. Institutional investors own 22.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GOGL shares. StockNews.com lowered Golden Ocean Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 5th. Jefferies Financial Group dropped their price objective on Golden Ocean Group from $12.50 to $12.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Finally, Pareto Securities restated a “hold” rating and issued a $12.50 price objective on shares of Golden Ocean Group in a research report on Thursday, November 21st.

Golden Ocean Group Trading Down 0.9 %

Shares of GOGL opened at $9.25 on Tuesday. Golden Ocean Group Limited has a 1-year low of $8.52 and a 1-year high of $15.77. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $10.00 and its 200-day moving average price is $11.45. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 7.64 and a beta of 1.18.

Golden Ocean Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Monday, December 9th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.97%. Golden Ocean Group’s dividend payout ratio (DPR) is 99.17%.

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.