2 weeks Ago By ABMN Staff
Shares of Star Bulk Carriers Corp. ( NASDAQ:SBLK – Get Free Report ) were down 0.3% during mid-day trading on Friday .
The stock traded as low as $23.42 and last traded at $23.62.
Approximately 250,280 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 1,600,713 shares. The stock had previously closed at $23.68.
Wall Street Analyst Weigh In Separately, Deutsche Bank Aktiengesellschaft assumed coverage on Star Bulk Carriers in a report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target for the company.
Read Our Latest Analysis on SBLK Star Bulk Carriers Trading Down 0.6 % Star Bulk Carriers ( NASDAQ:SBLK – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The shipping company reported $0.
78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01).
The company had revenue of $352.88 million during the quarter, compared to the consensus estimate of $329.38 million.
Star Bulk Carriers had a net margin of 24.05% and a return on equity of 13.58%.
During the same period last year, the firm posted $0.47 earnings per share. As a group, equities analysts expect that Star Bulk Carriers Corp.
will post 3.32 EPS for the current year. Star Bulk Carriers Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Friday, September 6th.
Shareholders of record on Tuesday, August 27th were issued a $0.70 dividend. The ex-dividend date of this dividend was Tuesday, August 27th.
This represents a $2.80 annualized dividend and a yield of 11.89%.
Star Bulk Carriers’s payout ratio is currently 126.13%. Institutional Investors Weigh In On Star Bulk Carriers Several hedge funds and other institutional investors have recently modified their holdings of the company.
Cambridge Investment Research Advisors Inc. raised its holdings in shares of Star Bulk Carriers by 1.4% in the 1st quarter.
Cambridge Investment Research Advisors Inc. now owns 71,144 shares of the shipping company’s stock worth $1,698,000 after acquiring an additional 990 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Star Bulk Carriers by 100.
0% in the first quarter. FinTrust Capital Advisors LLC now owns 2,000 shares of the shipping company’s stock worth $48,000 after purchasing an additional 1,000 shares during the last quarter. Gilman Hill Asset Management LLC lifted its stake in Star Bulk Carriers by 0.
3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 404,110 shares of the shipping company’s stock valued at $9,646,000 after acquiring an additional 1,046 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc.
boosted its holdings in Star Bulk Carriers by 8.5% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc.
now owns 16,640 shares of the shipping company’s stock worth $406,000 after acquiring an additional 1,310 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Star Bulk Carriers in the 2nd quarter worth $32,000. Institutional investors own 33.
91% of the company’s stock. 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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