Susquehanna Fundamental Investments LLC Has $1.91 Million Stock Holdings in Golden Ocean Group Limited (NASDAQ:GOGL)

Susquehanna Fundamental Investments LLC increased its position in Golden Ocean Group Limited (NASDAQ:GOGL) by 129.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,193 shares of the shipping company’s stock after buying an additional 77,971 shares during the period. Susquehanna Fundamental Investments LLC owned 0.07% of Golden Ocean Group worth $1,907,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Golden Ocean Group by 1,720.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,804 shares of the shipping company’s stock valued at $52,000 after buying an additional 3,595 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Golden Ocean Group by 2,319.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 9,170 shares of the shipping company’s stock valued at $127,000 after buying an additional 8,791 shares during the period. Fifth Lane Capital LP acquired a new stake in shares of Golden Ocean Group in the 1st quarter valued at about $137,000. Lazard Asset Management LLC acquired a new stake in shares of Golden Ocean Group in the 1st quarter valued at about $149,000. Finally, Bayesian Capital Management LP acquired a new position in Golden Ocean Group during the 1st quarter valued at about $151,000. 22.00% of the stock is currently owned by institutional investors and hedge funds.

Golden Ocean Group Price Performance

GOGL stock opened at $13.38 on Tuesday. Golden Ocean Group Limited has a 52-week low of $7.09 and a 52-week high of $15.77. The business has a 50-day simple moving average of $12.13 and a two-hundred day simple moving average of $13.10. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.00 and a current ratio of 1.17. The company has a market capitalization of $2.68 billion, a P/E ratio of 14.39 and a beta of 1.16.

Golden Ocean Group (NASDAQ:GOGL) last posted its earnings results on Wednesday, August 28th. The shipping company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.28 by $0.04. Golden Ocean Group had a net margin of 22.01% and a return on equity of 10.57%. The firm had revenue of $197.35 million for the quarter, compared to analysts’ expectations of $187.74 million. Research analysts expect that Golden Ocean Group Limited will post 1.35 EPS for the current fiscal year.

Golden Ocean Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Wednesday, September 11th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.20 annualized dividend and a dividend yield of 8.97%. Golden Ocean Group’s dividend payout ratio is currently 129.03%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GOGL shares. Jefferies Financial Group cut their price target on Golden Ocean Group from $15.50 to $14.50 and set a “hold” rating for the company in a research note on Wednesday, August 28th. StockNews.com upgraded Golden Ocean Group from a “hold” rating to a “buy” rating in a research note on Friday.

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.