Aurora Private Wealth Inc. acquired a new position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,416 shares of the shipping company's stock, valued at approximately $893,000.
A number of other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in Star Bulk Carriers by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,422 shares of the shipping company's stock worth $275,000 after buying an additional 826 shares in the last quarter. Sowell Financial Services LLC grew its stake in Star Bulk Carriers by 2.4% during the first quarter. Sowell Financial Services LLC now owns 61,909 shares of the shipping company's stock worth $963,000 after buying an additional 1,466 shares in the last quarter. Capital Analysts LLC grew its stake in Star Bulk Carriers by 215.9% during the fourth quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company's stock worth $34,000 after buying an additional 1,561 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Star Bulk Carriers by 177.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,623 shares of the shipping company's stock worth $39,000 after buying an additional 1,676 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Star Bulk Carriers during the fourth quarter worth about $28,000. 33.91% of the stock is currently owned by institutional investors and hedge funds.
Star Bulk Carriers Price Performance
Shares of NASDAQ SBLK traded up $0.09 during mid-day trading on Friday, hitting $18.04. 1,230,474 shares of the stock traded hands, compared to its average volume of 1,822,135. The company has a market cap of $2.12 billion, a PE ratio of 9.11 and a beta of 0.93. Star Bulk Carriers Corp. has a twelve month low of $12.06 and a twelve month high of $24.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 1.47. The firm has a 50 day simple moving average of $16.28 and a two-hundred day simple moving average of $15.53.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.21. Star Bulk Carriers had a net margin of 18.62% and a return on equity of 8.20%. The business had revenue of $159.28 million during the quarter, compared to analyst estimates of $162.57 million. During the same quarter last year, the business earned $0.87 EPS. As a group, equities research analysts forecast that Star Bulk Carriers Corp. will post 1.74 EPS for the current fiscal year.
Star Bulk Carriers Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, June 6th. Star Bulk Carriers's payout ratio is 10.10%.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Star Bulk Carriers from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.05.
View Our Latest Stock Analysis on SBLK
About Star Bulk Carriers
(
Free Report)
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.
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