Susquehanna Portfolio Strategies LLC Has $162,000 Stock Holdings in Star Bulk Carriers Corp. (NASDAQ:SBLK)

Susquehanna Portfolio Strategies LLC cut its position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) by 76.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,846 shares of the shipping company's stock after selling 36,069 shares during the quarter. Star Bulk Carriers comprises 0.5% of Susquehanna Portfolio Strategies LLC's portfolio, making the stock its 12th biggest position. Susquehanna Portfolio Strategies LLC's holdings in Star Bulk Carriers were worth $162,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SBLK. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Star Bulk Carriers during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust purchased a new position in Star Bulk Carriers in the 4th quarter valued at about $30,000. Capital Analysts LLC grew its stake in shares of Star Bulk Carriers by 215.9% during the fourth quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company's stock valued at $34,000 after acquiring an additional 1,561 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of 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 acquiring an additional 1,676 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Star Bulk Carriers in the fourth quarter valued at about $45,000. 33.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group decreased their price objective on shares of Star Bulk Carriers from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Wall Street Zen cut shares of Star Bulk Carriers from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.05.

Star Bulk Carriers Price Performance

NASDAQ:SBLK traded up $0.04 during trading hours on Friday, reaching $16.04. 425,714 shares of the company's stock were exchanged, compared to its average volume of 1,881,242. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.89 billion, a P/E ratio of 5.59 and a beta of 0.89. The business's 50-day simple moving average is $15.03 and its two-hundred day simple moving average is $15.81. Star Bulk Carriers Corp. has a 12 month low of $12.06 and a 12 month high of $27.47.

Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The shipping company reported ($0.07) EPS 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 firm had revenue of $159.28 million during the quarter, compared to analyst estimates of $162.57 million. During the same period last year, the company posted $0.87 EPS. Sell-side analysts expect that Star Bulk Carriers Corp. will post 1.74 EPS for the current fiscal year.

Star Bulk Carriers Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.05 dividend. The ex-dividend date is Friday, June 6th. Star Bulk Carriers's payout ratio is 10.10%.

Star Bulk Carriers Profile

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.