Star Bulk Carriers Corp. (SBLK) Trading 9.9% Higher
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) traded up 9.9% during trading on Tuesday . The stock traded as high as $3.79 and last traded at $3.77, with a volume of 55,228 shares trading hands. The stock had previously closed at $3.43.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Tuesday, June 14th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Star Bulk Carriers Corp. in a report on Monday, April 4th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.50.
The company’s market capitalization is $163.07 million. The firm has a 50-day moving average price of $3.50 and a 200-day moving average price 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, topping analysts’ consensus estimates of ($1.04) by $0.17. The company had revenue of $46.30 million for the quarter. On average, equities analysts predict that Star Bulk Carriers Corp. will post ($2.47) EPS for the current fiscal year.
An institutional investor recently raised its position in Star Bulk Carriers Corp. stock. Towle & Co. increased its position in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 1.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 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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