Star Bulk Carriers Corp. (SBLK) Stock Price Up 9.8%
Star Bulk Carriers Corp. (NASDAQ:SBLK) shares rose 9.8% during mid-day trading on Friday . The stock traded as high as $4.39 and last traded at $4.39, with a volume of 89,932 shares. The stock had previously closed at $4.00.
SBLK has been the subject of several research analyst reports. ABN Amro upgraded shares of Star Bulk Carriers Corp. from an “add” rating to a “buy” rating in a report on Thursday, April 21st. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a report on Friday, May 13th. Deutsche Bank AG reiterated a “hold” rating on shares of Star Bulk Carriers Corp. in a report 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 for the company in a report on Tuesday, July 19th. 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 company presently has an average rating of “Hold” and a consensus target price of $3.30.
The firm has a 50 day moving average of $3.53 and a 200 day moving average of $3.51. The firm’s market cap is $195.60 million.
Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings results on Wednesday, June 29th. The company reported ($0.87) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.04) by $0.17. The firm earned $46.30 million during the quarter. Equities analysts forecast 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 shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 1.8% during the fourth quarter, according to its most recent disclosure 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. accounts for about 0.6% of Towle & Co.’s portfolio, making the stock its 29th largest position. Towle & Co. owned 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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