Star Bulk Carriers Corp. (SBLK) Trading Down 0.9%
Star Bulk Carriers Corp. (NASDAQ:SBLK) shares traded down 0.9% during trading on Tuesday . The stock traded as low as $9.14 and last traded at $10.01. 318,200 shares were traded during trading, a decline of 45% from the average session volume of 578,623 shares. The stock had previously closed at $10.10.
Several research analysts recently commented on the company. Zacks Investment Research cut Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Stifel Nicolaus set a $11.00 target price on Star Bulk Carriers Corp. and gave the stock a “hold” rating in a research note on Sunday, October 22nd. Jefferies Group LLC reissued a “buy” rating and set a $15.00 target price on shares of Star Bulk Carriers Corp. in a research note on Thursday, October 19th. TheStreet cut Star Bulk Carriers Corp. from a “c” rating to a “d+” rating in a research note on Thursday, September 28th. Finally, Pareto Securities raised Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.00.
The company has a current ratio of 6.93, a quick ratio of 6.93 and a debt-to-equity ratio of 0.96.
A number of hedge funds and other institutional investors have recently made changes to their positions in SBLK. Impala Asset Management LLC lifted its holdings in Star Bulk Carriers Corp. by 121.3% during the 3rd quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock worth $41,833,000 after buying an additional 2,361,428 shares during the last quarter. Marshall Wace LLP purchased a new stake in Star Bulk Carriers Corp. during the 2nd quarter worth about $4,046,000. Renaissance Technologies LLC lifted its holdings in Star Bulk Carriers Corp. by 233.3% during the 1st quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock worth $6,850,000 after buying an additional 403,619 shares during the last quarter. Caspian Capital LP lifted its holdings in Star Bulk Carriers Corp. by 10.7% during the 2nd quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock worth $31,139,000 after buying an additional 306,341 shares during the last quarter. Finally, Leucadia National Corp lifted its holdings in Star Bulk Carriers Corp. by 491.5% during the 2nd quarter. Leucadia National Corp now owns 174,589 shares of the shipping company’s stock worth $1,716,000 after buying an additional 145,073 shares during the last quarter. 74.11% of the stock is owned by institutional investors.
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Star Bulk Carriers Corp. Company Profile
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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