Star Bulk Carriers Corp. (NASDAQ:SBLK) shares fell 3.9% during trading on Monday . The company traded as low as $3.28 and last traded at $3.44, with a volume of 59,510 shares trading hands. The stock had previously closed at $3.58.

Several research firms have issued reports on SBLK. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Friday, June 24th. Deutsche Bank AG restated a “hold” rating on shares of Star Bulk Carriers Corp. in a research report on Monday, April 4th. Finally, ABN Amro upgraded shares of Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a research report on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $2.50.

The firm has a 50 day moving average price of $3.50 and a 200-day moving average price of $3.40. The stock’s market capitalization is $150.77 million.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, topping the consensus estimate of ($1.04) by $0.17. The firm had revenue of $46.30 million for the quarter. Equities research analysts predict that Star Bulk Carriers Corp. will post ($2.47) EPS for the current year.

An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Towle & Co. boosted its stake in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,248,435 shares of the company’s stock after buying an additional 75,949 shares during the period. Star Bulk Carriers Corp. comprises 0.6% of Towle & Co.’s investment portfolio, making the stock its 29th largest position. Towle & Co. owned about 1.94% of Star Bulk Carriers Corp. worth $2,571,000 at the end of the most recent quarter.

Star Bulk Carriers Corp. is a shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. The Company transports a range of major and minor bulk commodities, including ores, coal, grains and fertilizers, along worldwide shipping routes. As of April 6, 2015, the Company’s operating fleet of 68 vessels had an aggregate capacity of approximately 7.1 million deadweight tons (dwt).

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