Star Bulk Carriers Corp. (NASDAQ:SBLK - Get Free Report) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,240,000 shares, a decrease of 16.7% from the March 31st total of 5,090,000 shares. Based on an average daily volume of 2,110,000 shares, the short-interest ratio is presently 2.0 days. Approximately 5.1% of the company's shares are short sold.
Star Bulk Carriers Trading Up 0.4 %
Shares of SBLK opened at $14.80 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.50 and a debt-to-equity ratio of 0.42. The firm's 50-day moving average is $15.03 and its two-hundred day moving average is $16.19. Star Bulk Carriers has a twelve month low of $12.06 and a twelve month high of $27.47. The firm has a market capitalization of $1.74 billion, a P/E ratio of 5.16 and a beta of 0.77.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The shipping company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business had revenue of $308.92 million during the quarter, compared to analyst estimates of $230.91 million. Star Bulk Carriers had a net margin of 24.08% and a return on equity of 12.48%. On average, research analysts predict that Star Bulk Carriers will post 1.74 earnings per share for the current fiscal year.
Star Bulk Carriers Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.36 annualized dividend and a dividend yield of 2.43%. Star Bulk Carriers's dividend payout ratio is presently 12.54%.
Institutional Trading of Star Bulk Carriers
Several large investors have recently modified their holdings of SBLK. Commonwealth Equity Services LLC lifted its stake in shares of Star Bulk Carriers by 4.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,422 shares of the shipping company's stock valued at $275,000 after buying an additional 826 shares during the period. Blue Trust Inc. raised its stake in Star Bulk Carriers by 51.3% during the fourth quarter. Blue Trust Inc. now owns 3,063 shares of the shipping company's stock worth $46,000 after purchasing an additional 1,038 shares during the period. Sigma Planning Corp raised its stake in Star Bulk Carriers by 4.9% during the fourth quarter. Sigma Planning Corp now owns 22,482 shares of the shipping company's stock worth $336,000 after purchasing an additional 1,060 shares during the period. DAVENPORT & Co LLC raised its stake in Star Bulk Carriers by 8.3% during the fourth quarter. DAVENPORT & Co LLC now owns 14,129 shares of the shipping company's stock worth $211,000 after purchasing an additional 1,083 shares during the period. Finally, Guidance Capital Inc. raised its stake in Star Bulk Carriers by 6.1% during the fourth quarter. Guidance Capital Inc. now owns 25,103 shares of the shipping company's stock worth $372,000 after purchasing an additional 1,434 shares during the period. 33.91% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have issued reports on SBLK. Jefferies Financial Group cut their price target on shares of Star Bulk Carriers from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered shares of Star Bulk Carriers from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Star Bulk Carriers presently has a consensus rating of "Hold" and a consensus price target of $22.05.
Get Our Latest Report on Star Bulk Carriers
About Star Bulk Carriers
(
Get 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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
