Michels Family Financial LLC acquired a new stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 25,785 shares of the shipping company's stock, valued at approximately $385,000.
Other large investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Star Bulk Carriers during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust purchased a new position in shares of Star Bulk Carriers in the 4th quarter valued at $30,000. Capital Analysts LLC raised its position in shares of Star Bulk Carriers by 215.9% in the 4th quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company's stock worth $34,000 after acquiring an additional 1,561 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Star Bulk Carriers by 177.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,623 shares of the shipping company's stock worth $39,000 after purchasing an additional 1,676 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Star Bulk Carriers during the fourth quarter valued at about $45,000. 33.91% of the stock is owned by hedge funds and other institutional investors.
Star Bulk Carriers Price Performance
Shares of NASDAQ:SBLK traded down $0.14 during trading on Tuesday, reaching $16.04. The stock had a trading volume of 1,276,606 shares, compared to its average volume of 1,818,367. Star Bulk Carriers Corp. has a 1-year low of $12.06 and a 1-year high of $27.47. The stock has a market cap of $1.89 billion, a PE ratio of 5.59 and a beta of 0.89. The business has a fifty day moving average price of $15.01 and a 200-day moving average price of $15.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.50 and a current ratio of 1.65.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The shipping company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.28) by $0.21. Star Bulk Carriers had a return on equity of 12.48% and a net margin of 24.08%. The company had revenue of $159.28 million for the quarter, compared to analyst estimates of $162.57 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. On average, equities analysts forecast that Star Bulk Carriers Corp. will post 1.74 earnings per share for the current fiscal year.
Star Bulk Carriers Announces Dividend
The business also recently announced a dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.05 dividend. The ex-dividend date is Friday, June 6th. Star Bulk Carriers's dividend payout ratio (DPR) is presently 10.10%.
Analyst Ratings Changes
Separately, Jefferies Financial Group cut their price objective on shares of Star Bulk Carriers from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $22.05.
Read Our Latest Stock Report 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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