Eagle Bulk Shipping Inc. (NASDAQ:EGLE) CEO Gary Vogel sold 7,250 shares of Eagle Bulk Shipping stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $5.59, for a total value of $40,527.50. Following the transaction, the chief executive officer now owns 1,105,432 shares of the company’s stock, valued at approximately $6,179,364.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Gary Vogel also recently made the following trade(s):
- On Tuesday, July 9th, Gary Vogel sold 32,120 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $5.65, for a total value of $181,478.00.
- On Tuesday, April 23rd, Gary Vogel sold 45,520 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $5.30, for a total value of $241,256.00.
Shares of NASDAQ:EGLE opened at $5.65 on Friday. Eagle Bulk Shipping Inc. has a 12-month low of $3.85 and a 12-month high of $6.09. The company has a market capitalization of $413.33 million, a PE ratio of 37.67 and a beta of 1.29. The stock’s 50 day moving average price is $4.99. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.68.
Eagle Bulk Shipping (NASDAQ:EGLE) last issued its quarterly earnings data on Tuesday, May 7th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.10. Eagle Bulk Shipping had a return on equity of 2.25% and a net margin of 4.07%. The company had revenue of $51.48 million during the quarter, compared to analysts’ expectations of $47.72 million. On average, analysts forecast that Eagle Bulk Shipping Inc. will post 0.09 earnings per share for the current year.
Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Eagle Bulk Shipping by 465.6% during the first quarter. BNP Paribas Arbitrage SA now owns 9,943 shares of the shipping company’s stock worth $46,000 after acquiring an additional 8,185 shares during the period. West Chester Capital Advisors Inc. bought a new stake in shares of Eagle Bulk Shipping during the first quarter worth approximately $47,000. Mraz Amerine & Associates Inc. bought a new stake in shares of Eagle Bulk Shipping during the first quarter worth approximately $87,000. Paloma Partners Management Co bought a new stake in shares of Eagle Bulk Shipping during the fourth quarter worth approximately $153,000. Finally, Rhumbline Advisers boosted its holdings in shares of Eagle Bulk Shipping by 42.7% during the fourth quarter. Rhumbline Advisers now owns 68,656 shares of the shipping company’s stock worth $317,000 after acquiring an additional 20,557 shares during the period. Institutional investors own 84.11% of the company’s stock.
A number of equities analysts recently commented on the company. Maxim Group set a $7.00 price target on Eagle Bulk Shipping and gave the stock a “buy” rating in a report on Wednesday, May 8th. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, BidaskClub upgraded Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $6.68.
Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping, Inc is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer.
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