Focus Partners Wealth trimmed its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Free Report) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 601,335 shares of the shipping company's stock after selling 127,107 shares during the period. Focus Partners Wealth owned approximately 0.72% of Star Bulk Carriers worth $8,990,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Star Bulk Carriers during the fourth quarter valued at approximately $28,000. Parkside Financial Bank & Trust bought a new stake in Star Bulk Carriers during the fourth quarter valued at approximately $30,000. Capital Analysts LLC grew its position in 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 buying an additional 1,561 shares during the period. Steward Partners Investment Advisory LLC grew its position in 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 valued at $39,000 after buying an additional 1,676 shares during the period. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Star Bulk Carriers during the fourth quarter valued at approximately $45,000. 33.91% of the stock is currently owned by institutional investors.
Star Bulk Carriers Price Performance
Shares of SBLK traded down $0.40 during mid-day trading on Friday, reaching $16.40. The stock had a trading volume of 1,417,226 shares, compared to its average volume of 1,824,129. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 5.71 and a beta of 0.89. Star Bulk Carriers Corp. has a 12 month low of $12.06 and a 12 month high of $27.47. The business has a fifty day moving average of $15.06 and a 200 day moving average of $15.89. 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 posted its quarterly earnings results 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. The business had revenue of $159.28 million during the quarter, compared to analyst estimates of $162.57 million. Star Bulk Carriers had a net margin of 24.08% and a return on equity of 12.48%. During the same period in the prior year, the business posted $0.87 earnings per share. Equities analysts predict that Star Bulk Carriers Corp. will post 1.74 EPS for the current year.
Star Bulk Carriers Dividend Announcement
The company also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.05 dividend. The ex-dividend date is Friday, June 6th. Star Bulk Carriers's payout ratio is currently 10.10%.
Wall Street Analyst Weigh In
SBLK has been the subject of several recent research reports. Jefferies Financial Group cut their target price on shares of Star Bulk Carriers from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered shares of Star Bulk Carriers from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock 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
(
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.
Featured Stories
Before you consider Star Bulk Carriers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Star Bulk Carriers wasn't on the list.
While Star Bulk Carriers currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
