Star Bulk Carriers Corp. (SBLK) Stock Price Down 6.3%
Star Bulk Carriers Corp. (NASDAQ:SBLK)’s share price was down 6.3% during mid-day trading on Friday . The company traded as low as $4.16 and last traded at $4.17, with a volume of 99,061 shares traded. The stock had previously closed at $4.45.
A number of equities analysts recently issued reports on SBLK shares. ABN Amro upgraded Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a report on Thursday, April 21st. JPMorgan Chase & Co. upgraded Star Bulk Carriers Corp. from a “neutral” rating to an “overweight” rating and set a $6.50 target price on the stock in a report on Tuesday. Zacks Investment Research cut Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a report on Saturday, June 4th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Star Bulk Carriers Corp. in a report on Monday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $3.30.
The firm’s market capitalization is $183.29 million. The company has a 50 day moving average of $3.51 and a 200 day moving average of $3.44.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its earnings results on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, topping the consensus estimate of ($1.04) by $0.17. The business earned $46.30 million during the quarter. Equities analysts expect that Star Bulk Carriers Corp. will post ($3.01) EPS for the current year.
A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission. 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. makes up approximately 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 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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