Clarkson Capital upgraded shares of Golden Ocean Group (NASDAQ:GOGL) from a neutral rating to a buy rating in a research note published on Monday, The Fly reports.

A number of other analysts also recently commented on GOGL. BidaskClub downgraded shares of Golden Ocean Group from a hold rating to a sell rating in a report on Friday, February 2nd. Morgan Stanley downgraded shares of Golden Ocean Group from an overweight rating to an equal weight rating and set a $10.00 price objective on the stock. in a report on Monday. Finally, Zacks Investment Research downgraded shares of Golden Ocean Group from a buy rating to a hold rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $11.00.

Shares of Golden Ocean Group (NASDAQ GOGL) opened at $8.68 on Monday. The company has a market cap of $1,179.96, a PE ratio of -41.33 and a beta of 2.15. Golden Ocean Group has a fifty-two week low of $5.43 and a fifty-two week high of $9.95. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.94.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC lifted its holdings in shares of Golden Ocean Group by 317.0% in the fourth quarter. Millennium Management LLC now owns 519,955 shares of the shipping company’s stock valued at $4,238,000 after purchasing an additional 395,265 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Golden Ocean Group by 34.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 54,452 shares of the shipping company’s stock valued at $443,000 after purchasing an additional 14,016 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Golden Ocean Group by 32.3% in the fourth quarter. Deutsche Bank AG now owns 635,270 shares of the shipping company’s stock valued at $5,176,000 after purchasing an additional 154,923 shares in the last quarter. AMP Capital Investors Ltd purchased a new stake in shares of Golden Ocean Group in the fourth quarter valued at about $195,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Golden Ocean Group by 12.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,067,082 shares of the shipping company’s stock valued at $8,697,000 after purchasing an additional 121,810 shares in the last quarter. 24.96% of the stock is currently owned by institutional investors.

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About Golden Ocean Group

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.

The Fly

Analyst Recommendations for Golden Ocean Group (NASDAQ:GOGL)

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