Star Bulk Carriers (NASDAQ:SBLK - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Sunday.
Star Bulk Carriers Trading Down 2.0%
Shares of SBLK stock traded down $0.33 during trading hours on Friday, hitting $16.47. 1,480,031 shares of the company were exchanged, compared to its average volume of 1,782,947. The firm has a market cap of $1.94 billion, a P/E ratio of 8.32 and a beta of 0.95. Star Bulk Carriers has a fifty-two week low of $12.06 and a fifty-two week high of $25.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.47 and a current ratio of 1.65. The company has a 50 day simple moving average of $15.66 and a two-hundred day simple moving average of $15.43.
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 (EPS) 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 business had revenue of $159.28 million during the quarter, compared to the consensus estimate of $162.57 million. During the same quarter last year, the firm posted $0.87 EPS. Equities analysts anticipate that Star Bulk Carriers will post 1.74 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Star Bulk Carriers in the fourth quarter worth about $28,000. Parkside Financial Bank & Trust purchased a new position in Star Bulk Carriers in the 4th quarter valued at approximately $30,000. Capital Analysts LLC raised its holdings in Star Bulk Carriers by 215.9% during the 4th quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company's stock valued at $34,000 after acquiring an additional 1,561 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of 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 worth $39,000 after acquiring an additional 1,676 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Star Bulk Carriers in the fourth quarter worth $45,000. Institutional investors own 33.91% of the company's stock.
About Star Bulk Carriers
(
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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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