Golden Ocean Group (GOGL)

• Market cap: $1.8B
• 1 day: 0.45%
• 5 days: 1.46%
• 1 month: -18.68%
• 3 months: -31.12%
• 6 months: -33.01%
• Year to date: -6.05%
• 1 year: -6.63%
• 5 years: 52.97%
• 10 years: -62.77%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 53

10% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 29

2% more funds holding

Funds holding: 169 [Q2] → 172 (+3) [Q3]

2% less call options, than puts

Call options by funds: $7.88M | Put options by funds: $8.06M

1.72% less ownership

Funds ownership: 31.18% [Q2] → 29.46% (-1.72%) [Q3]

9% less capital invested

Capital invested by funds: $861M [Q2] → $788M (-$73.5M) [Q3]

67% less funds holding in top 10

Funds holding in top 10: 3 [Q2] → 1 (-2) [Q3]

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $12 33% upside
• Avg. target: $12.25 36% upside
• High target: $12.50 39% upside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Jefferies Omar Nokta 9% 1-year accuracy 5 / 57 met price target	33% upside $12	Hold Maintained	27 Nov 2024
Pareto Securities Eirik Haavaldsen 0 / 0 met price target	39% upside $12.50	Hold Downgraded	21 Nov 2024