2 weeks Ago By Defense World Staff
Golden Ocean Group ( NASDAQ:GOGL – Get Free Report ) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. Separately, Jefferies Financial Group cut their price objective on shares of Golden Ocean Group from $15.
50 to $14.50 and set a “hold” rating for the company in a research report on Wednesday, August 28th. Get Our Latest Analysis on Golden Ocean Group Golden Ocean Group Stock Performance Golden Ocean Group ( NASDAQ:GOGL – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 28th.
The shipping company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.
04. The company had revenue of $197.35 million for the quarter, compared to analyst estimates of $187.
74 million. Golden Ocean Group had a net margin of 22.01% and a return on equity of 10.
57%. As a group, sell-side analysts anticipate that Golden Ocean Group will post 1.35 EPS for the current year.
Hedge Funds Weigh In On Golden Ocean Group Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Golden Ocean Group by 273.
9% in the first quarter. Vanguard Group Inc. now owns 5,190,885 shares of the shipping company’s stock valued at $67,274,000 after buying an additional 3,802,652 shares in the last quarter.
Assenagon Asset Management S.A. raised its holdings in Golden Ocean Group by 1,372.
9% in the 2nd quarter. Assenagon Asset Management S.A.
now owns 1,260,278 shares of the shipping company’s stock valued at $17,392,000 after acquiring an additional 1,174,716 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Golden Ocean Group by 96.9% during the 2nd quarter.
Marshall Wace LLP now owns 1,557,288 shares of the shipping company’s stock valued at $21,491,000 after acquiring an additional 766,436 shares during the period. Mirae Asset Global Investments Co. Ltd.
grew its holdings in shares of Golden Ocean Group by 1,318.6% during the 1st quarter. Mirae Asset Global Investments Co.
Ltd. now owns 786,018 shares of the shipping company’s stock worth $10,187,000 after purchasing an additional 730,609 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Golden Ocean Group during the 1st quarter worth $8,927,000.
22.00% of the stock is owned by institutional investors. Golden Ocean Group Company Profile ( Get 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. See Also Five stocks we like better than Golden Ocean Group How to Use High Beta Stocks to Maximize Your Investing Profits Can Costco Stock Hit New Highs as Interest Rates Drop? 3 Best Fintech Stocks for a Portfolio Boost These 3 Stocks Show How to Navigate Declining Consumer Confidence How to Capture the Benefits of Dividend Increases MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for Golden Ocean Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Golden Ocean Group and related companies with MarketBeat.
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