GLG Partners LP bought a new stake in Golden Ocean Group Limited (NASDAQ:GOGL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 63,643 shares of the shipping company’s stock, valued at approximately $428,000. GLG Partners LP owned about 0.05% of Golden Ocean Group Limited as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GOGL. Renaissance Technologies LLC increased its position in shares of Golden Ocean Group Limited by 547.0% in the first quarter. Renaissance Technologies LLC now owns 1,189,110 shares of the shipping company’s stock valued at $9,092,000 after acquiring an additional 1,005,310 shares during the last quarter. Credit Suisse AG increased its position in shares of Golden Ocean Group Limited by 1,270.4% in the first quarter. Credit Suisse AG now owns 848,076 shares of the shipping company’s stock valued at $6,488,000 after acquiring an additional 786,192 shares during the last quarter. Folketrygdfondet increased its position in shares of Golden Ocean Group Limited by 4.9% in the second quarter. Folketrygdfondet now owns 6,642,402 shares of the shipping company’s stock valued at $44,637,000 after acquiring an additional 310,880 shares during the last quarter. UBS Group AG increased its position in shares of Golden Ocean Group Limited by 258.3% in the first quarter. UBS Group AG now owns 365,366 shares of the shipping company’s stock valued at $2,795,000 after acquiring an additional 263,384 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Golden Ocean Group Limited by 4,697.9% in the first quarter. JPMorgan Chase & Co. now owns 262,063 shares of the shipping company’s stock valued at $2,005,000 after acquiring an additional 256,601 shares during the last quarter. 10.51% of the stock is currently owned by institutional investors and hedge funds.

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GOGL has been the topic of a number of recent research reports. Seaport Global Securities initiated coverage on Golden Ocean Group Limited in a research report on Tuesday, June 13th. They issued a “buy” rating and a $10.00 target price on the stock. DNB Markets raised Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. J P Morgan Chase & Co raised Golden Ocean Group Limited from a “neutral” rating to an “overweight” rating in a research report on Tuesday, July 4th. BidaskClub raised Golden Ocean Group Limited from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research raised Golden Ocean Group Limited from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 26th. Eight equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Golden Ocean Group Limited (NASDAQ:GOGL) opened at 8.53 on Thursday. Golden Ocean Group Limited has a 12 month low of $3.50 and a 12 month high of $9.95. The firm’s 50-day moving average price is $8.82 and its 200-day moving average price is $7.46. The firm’s market cap is $1.10 billion.

Golden Ocean Group Limited (NASDAQ:GOGL) last posted its quarterly earnings data on Thursday, August 17th. The shipping company reported ($0.10) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.03. The firm had revenue of $99.86 million during the quarter, compared to analyst estimates of $65.36 million. Golden Ocean Group Limited had a negative net margin of 14.69% and a negative return on equity of 3.91%. On average, equities research analysts expect that Golden Ocean Group Limited will post ($0.24) EPS for the current fiscal year.

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

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