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.
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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.
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