Star Bulk Carriers Corp. (SBLK) Trading Up 6.3%
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) were up 6.3% during mid-day trading on Monday . The company traded as high as $3.88 and last traded at $3.88, with a volume of 57,215 shares traded. The stock had previously closed at $3.65.
A number of analysts have issued reports on SBLK shares. 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 on the stock in a research note on Friday, June 24th. ABN Amro upgraded shares of Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a research note on Thursday, April 21st. Deutsche Bank AG reiterated a “hold” rating on shares of Star Bulk Carriers Corp. in a research note on Monday, April 4th. Finally, JPMorgan Chase & Co. upgraded shares of Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 price target on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $3.30.
The firm’s market capitalization is $181.09 million. The stock’s 50-day moving average price is $3.49 and its 200 day moving average price is $3.43.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last released its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.17. The firm earned $46.30 million during the quarter. On average, analysts anticipate that Star Bulk Carriers Corp. will post ($2.66) EPS for the current fiscal year.
A hedge fund recently raised its stake 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 filing with the Securities and Exchange Commission. The institutional investor owned 4,248,435 shares of the company’s stock after buying an additional 75,949 shares during the period. Star Bulk Carriers Corp. accounts for about 0.6% of Towle & Co.’s investment 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 filing with the SEC.
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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