Star Bulk Carriers Corp. (NASDAQ:SBLK - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on SBLK shares. Wall Street Zen upgraded shares of Star Bulk Carriers from a "sell" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group cut their target price 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. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Star Bulk Carriers presently has an average rating of "Hold" and a consensus target price of $22.05.
Check Out Our Latest Analysis on SBLK
Star Bulk Carriers Stock Down 1.2%
The business has a fifty day moving average price of $15.47 and a two-hundred day moving average price of $15.44. The company has a current ratio of 1.65, a quick ratio of 1.47 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.49 and a beta of 0.95.
Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The shipping company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.21. Star Bulk Carriers had a net margin of 18.62% and a return on equity of 8.20%. The firm had revenue of $159.28 million for the quarter, compared to analyst estimates of $162.57 million. During the same quarter in the prior year, the business earned $0.87 EPS. On average, equities analysts predict that Star Bulk Carriers Corp. will post 1.74 earnings per share for the current year.
Star Bulk Carriers Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. Star Bulk Carriers's dividend payout ratio is 10.10%.
Institutional Trading of Star Bulk Carriers
Institutional investors have recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Star Bulk Carriers in the 4th quarter worth about $28,000. Parkside Financial Bank & Trust bought a new stake in shares of Star Bulk Carriers in the 4th quarter valued at approximately $30,000. Capital Analysts LLC increased its holdings in Star Bulk Carriers by 215.9% in the fourth quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company's stock worth $34,000 after buying an additional 1,561 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Star Bulk Carriers by 177.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,623 shares of the shipping company's stock worth $39,000 after buying an additional 1,676 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in Star Bulk Carriers during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 33.91% of the company's stock.
Star Bulk Carriers Company Profile
(
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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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