Bulker owner Golden Ocean Group has spent just over $333,000 in repurchasing another 45,000 of its own shares as part of its share buyback scheme.
The John Fredriksen-backed shipowner said last week it spent around NOK 2.2m ($221,662) to buy back 30,000 shares on the Oslo Stock Exchange at an average price of NOK 74.52 each.
It repurchased the other 15,000 shares on the Nasdaq in New York at an average price of $7.44 per share, or around $111,600 in total.
Golden Ocean subsequently owns 1,812,328 of its own shares, equivalent to 0.9% of its share capital.
The company, which has a fleet of mainly capesize and panamax bulk carriers, commenced its $100m buyback scheme in October. The programme allows for the company to repurchase up to 10m of its common shares over a 12-month period.
Golden Ocean has said previously that it thinks its stock is undervalued. The latest tranche of shares were repurchased at a lower price than in the previous transaction in mid-July.
Its share price has fallen by around 16% in Oslo this year to date and by around 14% in New York.
