Boston Partners trimmed its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) by 21.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,368 shares of the shipping company's stock after selling 33,516 shares during the period. Boston Partners owned about 0.11% of Star Bulk Carriers worth $1,951,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sowell Financial Services LLC grew its holdings in Star Bulk Carriers by 2.4% in the first quarter. Sowell Financial Services LLC now owns 61,909 shares of the shipping company's stock valued at $963,000 after purchasing an additional 1,466 shares during the period. Sigma Planning Corp grew its holdings in Star Bulk Carriers by 6.8% in the first quarter. Sigma Planning Corp now owns 24,009 shares of the shipping company's stock valued at $374,000 after purchasing an additional 1,527 shares during the period. Capital Analysts LLC grew its holdings in Star Bulk Carriers by 215.9% in the fourth quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company's stock valued at $34,000 after purchasing an additional 1,561 shares during the period. Blue Trust Inc. grew its holdings in Star Bulk Carriers by 5.9% in the first quarter. Blue Trust Inc. now owns 33,440 shares of the shipping company's stock valued at $520,000 after purchasing an additional 1,875 shares during the period. Finally, Mountain Hill Investment Partners Corp. grew its holdings in Star Bulk Carriers by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 5,000 shares of the shipping company's stock valued at $78,000 after purchasing an additional 2,000 shares during the period. 33.91% of the stock is owned by institutional investors and hedge funds.
Star Bulk Carriers Trading Up 1.1%
NASDAQ:SBLK traded up $0.21 on Wednesday, reaching $18.58. The company's stock had a trading volume of 929,272 shares, compared to its average volume of 1,710,312. Star Bulk Carriers Corp. has a 12-month low of $12.06 and a 12-month high of $23.82. The company has a quick ratio of 1.42, a current ratio of 1.61 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 17.70 and a beta of 0.94. The stock has a 50 day moving average price of $18.07 and a 200 day moving average price of $16.36.
Star Bulk Carriers Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Thursday, August 28th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, August 28th. Star Bulk Carriers's payout ratio is currently 19.05%.
Analyst Ratings Changes
SBLK has been the topic of a number of research analyst reports. Zacks Research raised Star Bulk Carriers from a "strong sell" rating to a "hold" rating in a research note on Friday, August 15th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $22.00 price target on shares of Star Bulk Carriers in a research note on Thursday, August 7th. Finally, Wall Street Zen raised Star Bulk Carriers from a "sell" rating to a "hold" rating in a research note on Sunday, August 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.30.
View Our Latest Report on Star Bulk Carriers
Star Bulk Carriers Profile
(
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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