Star Bulk Carriers Corp. (NASDAQ:SBLK) shares shot up 4.4% during trading on Tuesday . The stock traded as high as $3.07 and last traded at $3.06, with a volume of 54,238 shares trading hands. The stock had previously closed at $2.93.

Several brokerages recently commented on SBLK. Zacks Investment Research cut Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, June 18th. Deutsche Bank AG reissued a “hold” rating on shares of Star Bulk Carriers Corp. in a research report on Monday, April 4th. Finally, ABN Amro raised 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 assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $2.50.

The stock’s 50 day moving average price is $3.54 and its 200-day moving average price is $3.39. The firm’s market capitalization is $143.73 million.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last announced its quarterly earnings data on Wednesday, June 29th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.17. The business earned $46.30 million during the quarter. Equities analysts anticipate that Star Bulk Carriers Corp. will post ($2.62) EPS for the current year.

A hedge fund recently raised its stake in Star Bulk Carriers Corp. stock. Towle & Co. raised its position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 1.8% during the fourth quarter, Holdings Channel reports. 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 about 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).