Golden Ocean Group: Excellent Fleet, Strong Financials And Attractive Yields [Seeking Alpha]
Himalaya Shipping Ltd. Common Shares (HSHP)
Company Research
Source: Seeking Alpha
GOGL has $116 million in cash, $1,260 million in long-term debt, and $1,460 million in total debt. The capital structure is 76.5% total debt/equity and 44.9% total liabilities/total assets. The company announced a $0.30/share cash dividend for 4Q23. The TTM dividend yield is 4.68%. With rising TCE rates, I expect dividends to grow higher. GOGL offers a balance between price vs. value, leverage, and fleet specifications. My verdict is a buy rating. Introduction The dry bulk segment offers excellent risk-reward at the present stage of the shipping cycle-especially for Capesize vessels. In my opinion, we are in the first half of the cycle's expansion phase, so the odds are skewed in investors' favor. There are a few shipping stocks to bet on that theme. I have already presented two: Himalaya Shipping ( HSHP ) and Star Bulk ( SBLK ). Today's article dissects Golden Ocean Group ( NASDAQ: GOGL ), the largest Capezise/Newcastlemax owner. The company has healthy financials and pays
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HSHP
Sec Filings
- 4/22/24 - Form 6-K
- 4/9/24 - Form 6-K
- 3/27/24 - Form 6-K
- HSHP's page on the SEC website