Star Bulk Carriers Corp. (NASDAQ:SBLK) was up 6.6% on Friday . The stock traded as high as $12.23 and last traded at $12.10, with a volume of 836,515 shares. The stock had previously closed at $11.35.

Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Seaport Global Securities raised shares of Star Bulk Carriers Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.50 to $13.00 in a report on Friday, May 26th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Star Bulk Carriers Corp. in a report on Friday, May 26th. BidaskClub lowered shares of Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, TheStreet raised shares of Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.50.

The company’s 50-day moving average is $10.25 and its 200-day moving average is $9.68. The firm’s market capitalization is $766.37 million.

Star Bulk Carriers Corp. (NASDAQ:SBLK) last posted its quarterly earnings results on Wednesday, May 24th. The shipping company reported ($0.21) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.04. The business had revenue of $64.87 million during the quarter, compared to the consensus estimate of $64.27 million. Star Bulk Carriers Corp. had a negative return on equity of 5.54% and a negative net margin of 36.90%. On average, equities research analysts anticipate that Star Bulk Carriers Corp. will post ($0.39) earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its position in Star Bulk Carriers Corp. by 174.2% in the fourth quarter. Renaissance Technologies LLC now owns 172,980 shares of the shipping company’s stock worth $884,000 after buying an additional 109,886 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Star Bulk Carriers Corp. during the first quarter valued at approximately $201,000. Parametric Portfolio Associates LLC increased its position in shares of Star Bulk Carriers Corp. by 122.7% in the first quarter. Parametric Portfolio Associates LLC now owns 117,580 shares of the shipping company’s stock valued at $1,397,000 after buying an additional 64,780 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of Star Bulk Carriers Corp. during the first quarter valued at approximately $1,529,000. Finally, River & Mercantile Asset Management LLP acquired a new position in shares of Star Bulk Carriers Corp. during the first quarter valued at approximately $2,247,000. 75.14% of the stock is owned by institutional investors and hedge funds.

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About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

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