Mraz Amerine & Associates Inc. increased its position in Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) by 33.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,231 shares of the shipping company's stock after purchasing an additional 28,010 shares during the period. Mraz Amerine & Associates Inc. owned 0.10% of Star Bulk Carriers worth $1,793,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in Star Bulk Carriers during the 4th quarter worth approximately $28,000. Capital Analysts LLC lifted its holdings in Star Bulk Carriers by 215.9% during the 4th 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 during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in 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 buying an additional 1,676 shares during the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Star Bulk Carriers during the 4th quarter worth approximately $45,000. Finally, GAMMA Investing LLC lifted its holdings in Star Bulk Carriers by 1,456.0% during the 1st quarter. GAMMA Investing LLC now owns 3,112 shares of the shipping company's stock worth $48,000 after buying an additional 2,912 shares during the last quarter. 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 $0.50 during mid-day trading on Friday, reaching $18.52. The company had a trading volume of 1,566,439 shares, compared to its average volume of 1,828,309. The company has a current ratio of 1.65, a quick ratio of 1.47 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.18 billion, a PE ratio of 9.35 and a beta of 0.93. The company has a 50-day moving average price of $16.67 and a two-hundred day moving average price of $15.66. Star Bulk Carriers Corp. has a 1-year low of $12.06 and a 1-year high of $24.51.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last issued its earnings results on Wednesday, May 14th. The shipping company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.28) by $0.21. The business had revenue of $159.28 million for the quarter, compared to analysts' expectations of $162.57 million. Star Bulk Carriers had a return on equity of 8.20% and a net margin of 18.62%. During the same period in the previous year, the firm posted $0.87 EPS. On average, equities analysts anticipate that Star Bulk Carriers Corp. will post 1.74 earnings per share for the current year.
Star Bulk Carriers Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.08%. Star Bulk Carriers's dividend payout ratio is 10.10%.
Analyst Ratings Changes
Separately, Wall Street Zen raised Star Bulk Carriers from a "sell" rating to a "hold" rating in a report on Saturday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Star Bulk Carriers presently has an average rating of "Hold" and a consensus target price of $22.05.
Check Out Our Latest Stock Analysis on SBLK
Star Bulk Carriers Company Profile
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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.
Further Reading
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