Star Bulk Carriers Corp. (NASDAQ:SBLK - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $15.46 and traded as high as $17.42. Star Bulk Carriers shares last traded at $17.40, with a volume of 1,691,012 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have commented on SBLK shares. Jefferies Financial Group lowered their price target on 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 raised shares of Star Bulk Carriers from a "sell" rating to a "hold" rating in a research report on Saturday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Star Bulk Carriers has a consensus rating of "Hold" and an average price target of $22.05.
View Our Latest Report on Star Bulk Carriers
Star Bulk Carriers Price Performance
The company has a 50 day simple moving average of $15.32 and a 200 day simple moving average of $15.44. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 6.06 and a beta of 0.95. The company has a quick ratio of 1.50, a current ratio of 1.65 and a debt-to-equity ratio of 0.42.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last issued its earnings results on Wednesday, May 14th. The shipping company reported ($0.07) earnings per share (EPS) 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 analysts' expectations of $162.57 million. Star Bulk Carriers had a return on equity of 12.48% and a net margin of 24.08%. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, research analysts predict that Star Bulk Carriers Corp. will post 1.74 EPS for the current year.
Star Bulk Carriers Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Friday, June 6th. Star Bulk Carriers's dividend payout ratio is presently 10.10%.
Institutional Trading of Star Bulk Carriers
A number of institutional investors have recently added to or reduced their stakes in SBLK. Amundi raised its position in Star Bulk Carriers by 59.1% in the first quarter. Amundi now owns 1,868,249 shares of the shipping company's stock valued at $26,548,000 after purchasing an additional 693,683 shares during the period. Philosophy Capital Management LLC raised its holdings in shares of Star Bulk Carriers by 10.1% during the 1st quarter. Philosophy Capital Management LLC now owns 1,519,259 shares of the shipping company's stock valued at $23,640,000 after buying an additional 139,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Star Bulk Carriers by 59.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,436 shares of the shipping company's stock valued at $20,204,000 after buying an additional 485,436 shares during the period. Encompass Capital Advisors LLC lifted its position in Star Bulk Carriers by 13.5% during the 4th quarter. Encompass Capital Advisors LLC now owns 1,240,650 shares of the shipping company's stock worth $18,548,000 after acquiring an additional 147,659 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Star Bulk Carriers by 56.0% in the 1st quarter. Focus Partners Wealth now owns 938,208 shares of the shipping company's stock worth $14,599,000 after acquiring an additional 336,873 shares during the period. 33.91% of the stock is owned by hedge funds and other institutional investors.
Star Bulk Carriers Company Profile
(
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.
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