2 days Ago By ABMN Staff
Russell Investments Group Ltd. trimmed its position in shares of Golden Ocean Group Limited ( NASDAQ:GOGL – Free Report ) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 375,113 shares of the shipping company’s stock after selling 373,031 shares during the quarter. Russell Investments Group Ltd.’s holdings in Golden Ocean Group were worth $3,359,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of Golden Ocean Group by 9.9% in the 4th quarter.
Wells Fargo & Company MN now owns 81,530 shares of the shipping company’s stock worth $731,000 after acquiring an additional 7,359 shares in the last quarter. Trexquant Investment LP grew its holdings in shares of Golden Ocean Group by 150.5% during the fourth quarter.
Trexquant Investment LP now owns 193,993 shares of the shipping company’s stock worth $1,738,000 after purchasing an additional 116,548 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Golden Ocean Group by 0.5% in the fourth quarter.
Geode Capital Management LLC now owns 1,663,334 shares of the shipping company’s stock valued at $14,903,000 after buying an additional 9,041 shares in the last quarter. Alliancebernstein L.P.
raised its holdings in shares of Golden Ocean Group by 8.4% in the fourth quarter. Alliancebernstein L.
P. now owns 164,927 shares of the shipping company’s stock valued at $1,478,000 after buying an additional 12,800 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC acquired a new position in Golden Ocean Group during the 4th quarter worth about $1,591,000.
Institutional investors and hedge funds own 22.00% of the company’s stock. Golden Ocean Group Price Performance Shares of GOGL opened at $7.
03 on Thursday. The stock has a market cap of $1.41 billion, a P/E ratio of 5.
81 and a beta of 1.10. The stock’s 50-day moving average price is $8.
32 and its two-hundred day moving average price is $9.60. The company has a current ratio of 1.
22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.65.
Golden Ocean Group Limited has a 1 year low of $6.27 and a 1 year high of $15.77.
Golden Ocean Group Cuts Dividend Wall Street Analyst Weigh In Separately, Jefferies Financial Group restated a “hold” rating and issued a $10.00 price objective on shares of Golden Ocean Group in a research report on Wednesday, February 26th. Check Out Our Latest Research Report on Golden Ocean Group About Golden Ocean Group ( 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. Featured Articles Want to see what other hedge funds are holding GOGL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Golden Ocean Group Limited ( NASDAQ:GOGL – Free Report ). 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.com's FREE daily email newsletter .
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