Boston Partners Raises Stock Holdings in Star Bulk Carriers Corp. (NASDAQ:SBLK)

Boston Partners raised its holdings in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) by 110.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,107 shares of the shipping company's stock after acquiring an additional 59,264 shares during the quarter. Boston Partners owned approximately 0.11% of Star Bulk Carriers worth $2,405,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SBLK. Jessup Wealth Management Inc bought a new position in Star Bulk Carriers during the fourth quarter valued at about $5,042,000. Kestra Advisory Services LLC lifted its holdings in Star Bulk Carriers by 209.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 52,009 shares of the shipping company's stock worth $1,003,000 after buying an additional 35,220 shares in the last quarter. Hosking Partners LLP raised its holdings in Star Bulk Carriers by 20.1% during the 3rd quarter. Hosking Partners LLP now owns 291,317 shares of the shipping company's stock worth $5,617,000 after purchasing an additional 48,691 shares during the last quarter. Grand Alliance Asset Management Ltd acquired a new position in Star Bulk Carriers in the fourth quarter valued at approximately $12,756,000. Finally, Seven Eight Capital LP bought a new position in shares of Star Bulk Carriers in the 3rd quarter worth $277,000. Institutional investors and hedge funds own 33.91% of the company's stock.

Star Bulk Carriers Stock Up 0.7 %

Star Bulk Carriers stock traded up $0.18 during mid-day trading on Friday, reaching $26.05. The company's stock had a trading volume of 833,093 shares, compared to its average volume of 1,466,530. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 14.72 and a beta of 1.07. The business's 50 day simple moving average is $24.31 and its 200 day simple moving average is $22.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.09 and a current ratio of 1.26. Star Bulk Carriers Corp. has a 12 month low of $16.57 and a 12 month high of $26.54.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their target price on shares of Star Bulk Carriers from $76.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, February 14th.

Star Bulk Carriers Company 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.