Dimensional Fund Advisors LP Sells 11,931 Shares of Golden Ocean Group Ltd (GOGL)

Dimensional Fund Advisors LP lessened its position in Golden Ocean Group Ltd (NASDAQ:GOGL) by 3.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 334,600 shares of the shipping company’s stock after selling 11,931 shares during the period. Dimensional Fund Advisors LP owned approximately 0.24% of Golden Ocean Group worth $2,623,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. bought a new stake in shares of Golden Ocean Group in the 3rd quarter worth $128,000. Ameriprise Financial Inc. raised its position in shares of Golden Ocean Group by 10.7% during the second quarter. Ameriprise Financial Inc. now owns 19,106 shares of the shipping company’s stock worth $128,000 after purchasing an additional 1,840 shares during the period. Northern Trust Corp raised its position in shares of Golden Ocean Group by 3.3% during the second quarter. Northern Trust Corp now owns 29,988 shares of the shipping company’s stock worth $202,000 after purchasing an additional 970 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Golden Ocean Group by 19.2% during the second quarter. Goldman Sachs Group Inc. now owns 82,159 shares of the shipping company’s stock worth $552,000 after purchasing an additional 13,235 shares during the period. Finally, EAM Investors LLC acquired a new stake in shares of Golden Ocean Group during the third quarter worth $1,363,000. 24.96% of the stock is currently owned by institutional investors.

Shares of Golden Ocean Group Ltd (NASDAQ GOGL) traded up $0.26 during mid-day trading on Thursday, hitting $8.68. The stock had a trading volume of 160,200 shares, compared to its average volume of 201,837. Golden Ocean Group Ltd has a twelve month low of $5.43 and a twelve month high of $9.95. The company has a quick ratio of 2.68, a current ratio of 2.68 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $1,179.96, a P/E ratio of -41.33 and a beta of 2.15.

A number of equities research analysts have recently issued reports on the company. Clarkson Capital raised Golden Ocean Group from a “neutral” rating to a “buy” rating in a research report on Monday. BidaskClub lowered Golden Ocean Group from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley lowered Golden Ocean Group from an “overweight” rating to an “equal weight” rating and set a $10.00 target price on the stock. in a research report on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $11.00.

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Golden Ocean Group Company Profile

Golden Ocean Group Limited, formerly Knightsbridge Shipping Limited, is an international dry bulk shipping company. The Company is engaged in the transportation of dry bulk cargoes. It owns and operates a fleet of dry bulk carrier vessels, focusing on the Capesize, Panamax and Supramax markets. Its vessels transport a range of major and minor bulk commodities, including ores, coal, grains and fertilizers.

Institutional Ownership by Quarter for Golden Ocean Group (NASDAQ:GOGL)

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