Golden Ocean Group Limited (GOGL) Reaches $7.81 After 9.00% Down Move; Fj Capital Management Has Boosted Home Bancorp (HBCP) Stake

April 16, 2018 - By Darrin Black

Golden Ocean Group Limited (NASDAQ:GOGL) Logo

Fj Capital Management Llc increased Home Bancorp Inc (HBCP) stake by 10.24% reported in 2017Q4 SEC filing. Fj Capital Management Llc acquired 67,100 shares as Home Bancorp Inc (HBCP)’s stock declined 2.38%. The Fj Capital Management Llc holds 722,100 shares with $31.21M value, up from 655,000 last quarter. Home Bancorp Inc now has $410.28 million valuation. The stock decreased 0.57% or $0.25 during the last trading session, reaching $43.66. About 14,878 shares traded. Home Bancorp, Inc. (NASDAQ:HBCP) has risen 26.23% since April 16, 2017 and is uptrending. It has outperformed by 14.68% the S&P500.

The stock of Golden Ocean Group Limited (NASDAQ:GOGL) is a huge mover today! The stock decreased 2.25% or $0.18 during the last trading session, reaching $7.81. About 55,419 shares traded. Golden Ocean Group Limited (NASDAQ:GOGL) has risen 7.95% since April 16, 2017 and is uptrending. It has underperformed by 3.60% the S&P500.The move comes after 8 months negative chart setup for the $1.13B company. It was reported on Apr, 16 by Barchart.com. We have $7.11 PT which if reached, will make NASDAQ:GOGL worth $101.43M less.

Golden Ocean Group Limited, a shipping company, engages in the transportation of bulk commodities worldwide. The company has market cap of $1.13 billion. It owns and operates a fleet of dry bulk vessels, including Newcastlemax, Capesize, Kamsarmax, Panamax, and Supramax vessels. It currently has negative earnings. The firm transports bulk commodities, such as ores, coal, grains, and fertilizers along worldwide shipping routes.

Among 7 analysts covering Golden Ocean Group (NASDAQ:GOGL), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Golden Ocean Group had 18 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, February 21. The stock has “Buy” rating by Zacks on Tuesday, September 1. The company was upgraded on Tuesday, March 28 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, March 15 by Pareto. As per Tuesday, January 26, the company rating was downgraded by JP Morgan. Clarkson Capital downgraded the stock to “Neutral” rating in Tuesday, February 9 report. The company was upgraded on Friday, April 7 by JP Morgan. The firm has “Buy” rating by Nordea given on Tuesday, March 22. The firm has “Buy” rating given on Monday, March 7 by DNB Markets. The firm has “Neutral” rating by JP Morgan given on Wednesday, March 1.

Analysts await Golden Ocean Group Limited (NASDAQ:GOGL) to report earnings on May, 23. They expect $0.07 earnings per share, up 141.18% or $0.24 from last year’s $-0.17 per share. GOGL’s profit will be $10.10M for 27.89 P/E if the $0.07 EPS becomes a reality. After $0.19 actual earnings per share reported by Golden Ocean Group Limited for the previous quarter, Wall Street now forecasts -63.16% negative EPS growth.

Golden Ocean Group Limited (NASDAQ:GOGL) Ratings Chart

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