SG Americas Securities LLC Sells 24,754 Shares of Golden Ocean Group Limited (NASDAQ:GOGL)

SG Americas Securities LLC decreased its holdings in Golden Ocean Group Limited (NASDAQ:GOGL) by 37.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 41,336 shares of the shipping company’s stock after selling 24,754 shares during the period. SG Americas Securities LLC’s holdings in Golden Ocean Group were worth $570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GOGL. VisionPoint Advisory Group LLC bought a new stake in Golden Ocean Group during the 4th quarter worth $41,000. Fifth Lane Capital LP bought a new stake in Golden Ocean Group during the 1st quarter worth $137,000. Lazard Asset Management LLC bought a new stake in Golden Ocean Group during the 1st quarter worth $149,000. Bayesian Capital Management LP bought a new stake in Golden Ocean Group during the 1st quarter worth $151,000. Finally, Quadrature Capital Ltd bought a new stake in Golden Ocean Group during the 4th quarter worth $171,000. Institutional investors own 22.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com lowered Golden Ocean Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Jefferies Financial Group downgraded Golden Ocean Group from a “buy” rating to a “hold” rating and set a $15.50 target price on the stock. in a report on Wednesday, May 22nd.

Golden Ocean Group Stock Up 1.0 %

Shares of GOGL opened at $12.16 on Tuesday. The company has a market capitalization of $2.43 billion, a PE ratio of 13.08 and a beta of 1.16. Golden Ocean Group Limited has a 12 month low of $6.89 and a 12 month high of $15.77. The stock’s 50-day moving average price is $12.88 and its two-hundred day moving average price is $13.07. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.68.

Golden Ocean Group (NASDAQ:GOGL) last announced its earnings results on Wednesday, May 22nd. The shipping company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.23 by $0.06. The firm had revenue of $196.70 million for the quarter. Golden Ocean Group had a return on equity of 8.67% and a net margin of 19.92%. On average, analysts anticipate that Golden Ocean Group Limited will post 1.43 EPS for the current year.

Golden Ocean Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, June 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date of this dividend was Friday, June 7th. Golden Ocean Group’s dividend payout ratio is 129.03%.

About Golden Ocean Group

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.