Star Bulk Carriers Corp. (SBLK) Shares Up 9.9%
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) shot up 9.9% on Tuesday . The stock traded as high as $3.79 and last traded at $3.77, with a volume of 55,228 shares traded. The stock had previously closed at $3.43.
Several brokerages have weighed in on SBLK. Zacks Investment Research cut Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 18th. Deutsche Bank AG reissued a “hold” rating on shares of Star Bulk Carriers Corp. in a report on Monday, April 4th. Finally, ABN Amro raised Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a report on Thursday, April 21st. One 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 stock. The company has an average rating of “Hold” and a consensus target price of $2.50.
The company’s market capitalization is $166.15 million. The stock has a 50-day moving average of $3.48 and a 200-day moving average of $3.40.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.04) by $0.17. The firm earned $46.30 million during the quarter. Equities research analysts predict that Star Bulk Carriers Corp. will post ($2.47) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Towle & Co. increased its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 about 0.6% of Towle & Co.’s portfolio, making the stock its 29th largest position. Towle & Co. owned approximately 1.94% of Star Bulk Carriers Corp. worth $2,571,000 as of its most recent SEC filing.
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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