Golden Ocean GroupGOGL
Market Cap: $2.45B
About: Golden Ocean Group Ltd is a Bermuda-based dry bulk shipping company. Its business involves the transportation of dry bulk cargo including ores, coal, grains and fertilizers through its fleet of owned and chartered vessels, bareboat vessels, commercial management vessels and new buildings are chartered-out on fixed rate time charters and index-linked time charter contracts.
Employees: 38
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]
60% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 45
18% more capital invested
Capital invested by funds: $702M [Q1] → $832M (+$130M) [Q2]
2.84% more ownership
Funds ownership: 27.3% [Q1] → 30.14% (+2.84%) [Q2]
8% less funds holding
Funds holding: 183 [Q1] → 169 (-14) [Q2]
33% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 43
41% less call options, than puts
Call options by funds: $5.18M | Put options by funds: $8.85M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Jefferies Omar Nokta 40% 1-year accuracy 14 / 35 met price target | 18%upside $14.50 | Hold Maintained | 28 Aug 2024 |
Financial journalist opinion
Based on 6 articles about GOGL published over the past 30 days