TrueMark Investments LLC Has $185,000 Holdings in Golden Ocean Group Limited (NASDAQ:GOGL)

TrueMark Investments LLC lessened its stake in shares of Golden Ocean Group Limited (NASDAQ:GOGL) by 39.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,601 shares of the shipping company’s stock after selling 13,611 shares during the quarter. TrueMark Investments LLC’s holdings in Golden Ocean Group were worth $185,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in shares of Golden Ocean Group by 16.5% in the 4th quarter. New York State Common Retirement Fund now owns 222,238 shares of the shipping company’s stock valued at $1,991,000 after purchasing an additional 31,500 shares in the last quarter. Empowered Funds LLC boosted its position in Golden Ocean Group by 3.6% in the fourth quarter. Empowered Funds LLC now owns 963,005 shares of the shipping company’s stock valued at $8,629,000 after buying an additional 33,241 shares in the last quarter. Victory Capital Management Inc. grew its stake in Golden Ocean Group by 2,893.9% during the fourth quarter. Victory Capital Management Inc. now owns 414,121 shares of the shipping company’s stock worth $3,711,000 after buying an additional 400,289 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Golden Ocean Group by 31.7% during the third quarter. JPMorgan Chase & Co. now owns 444,453 shares of the shipping company’s stock worth $5,947,000 after buying an additional 106,966 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Golden Ocean Group in the fourth quarter valued at approximately $46,000. 22.00% of the stock is currently owned by institutional investors.

Golden Ocean Group Stock Performance

Golden Ocean Group stock opened at $8.00 on Thursday. Golden Ocean Group Limited has a 12-month low of $7.49 and a 12-month high of $15.77. The stock has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $10.13. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 6.61 and a beta of 1.14.

Golden Ocean Group Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 11th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.50%. Golden Ocean Group’s payout ratio is 53.57%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “hold” rating and set a $10.00 price target on shares of Golden Ocean Group in a research report on Wednesday, February 26th.

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.