Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK - Get Free Report) were down 3.9% during trading on Tuesday . The company traded as low as $13.76 and last traded at $13.66. Approximately 99,061 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,859,794 shares. The stock had previously closed at $14.21.
Analyst Ratings Changes
Several analysts recently issued reports on the company. StockNews.com downgraded Star Bulk Carriers from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Jefferies Financial Group reduced their price target 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.05.
Get Our Latest Analysis on SBLK
Star Bulk Carriers Price Performance
The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 4.80 and a beta of 0.77. The business has a fifty day moving average price of $15.29 and a 200 day moving average price of $16.62. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 1.50.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The shipping company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). Star Bulk Carriers had a return on equity of 12.48% and a net margin of 24.08%. The company had revenue of $308.92 million during the quarter, compared to analyst estimates of $230.91 million. On average, research analysts expect that Star Bulk Carriers Corp. will post 1.74 earnings per share for the current fiscal year.
Star Bulk Carriers Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Tuesday, March 4th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date was Tuesday, March 4th. Star Bulk Carriers's dividend payout ratio is presently 12.54%.
Institutional Investors Weigh In On Star Bulk Carriers
Several hedge funds and other institutional investors have recently bought and sold shares of SBLK. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Star Bulk Carriers during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust acquired a new position in Star Bulk Carriers in the fourth quarter worth approximately $30,000. Capital Analysts LLC increased its holdings in shares of Star Bulk Carriers by 215.9% in 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of 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 valued at $39,000 after acquiring an additional 1,676 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Star Bulk Carriers during the 4th quarter worth $45,000. 33.91% of the stock is currently owned by institutional investors.
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.
Further Reading
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
