Star Bulk Carriers Corp. (NASDAQ:SBLK) has been assigned an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $15.00.
Several brokerages have recently issued reports on SBLK. TheStreet lowered Star Bulk Carriers from a “c-” rating to a “d” rating in a research report on Friday, August 9th. BidaskClub raised Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised Star Bulk Carriers from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 28th. Pareto Securities lowered Star Bulk Carriers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Zacks Investment Research lowered Star Bulk Carriers from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th.
SBLK traded up $0.13 during midday trading on Monday, reaching $10.78. 341,281 shares of the company’s stock traded hands, compared to its average volume of 578,875. The firm has a fifty day moving average of $10.69 and a two-hundred day moving average of $9.89. The stock has a market capitalization of $988.99 million, a price-to-earnings ratio of 9.71 and a beta of 1.69. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.82 and a quick ratio of 0.64. Star Bulk Carriers has a 52 week low of $6.16 and a 52 week high of $11.81.
Star Bulk Carriers (NASDAQ:SBLK) last announced its earnings results on Wednesday, November 20th. The shipping company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Star Bulk Carriers had a positive return on equity of 1.24% and a negative net margin of 3.50%. The firm had revenue of $248.44 million during the quarter, compared to analyst estimates of $215.35 million. Sell-side analysts forecast that Star Bulk Carriers will post 0.09 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. Star Bulk Carriers’s dividend payout ratio is currently 18.02%.
Several institutional investors have recently bought and sold shares of SBLK. Marshall Wace North America L.P. purchased a new stake in shares of Star Bulk Carriers in the 1st quarter worth approximately $47,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Star Bulk Carriers in the 2nd quarter worth approximately $109,000. SG Americas Securities LLC purchased a new stake in shares of Star Bulk Carriers in the 2nd quarter worth approximately $855,000. Advisor Group Inc. grew its stake in shares of Star Bulk Carriers by 839.5% in the 2nd quarter. Advisor Group Inc. now owns 3,570 shares of the shipping company’s stock worth $34,000 after buying an additional 3,190 shares during the last quarter. Finally, Wells Fargo & Company MN purchased a new stake in shares of Star Bulk Carriers in the 2nd quarter worth approximately $102,000. Institutional investors own 54.83% of the company’s stock.
Star Bulk Carriers Company Profile
Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of April 10, 2019, the company had a fleet of 109 vessels with an aggregate capacity of approximately 12.45 million deadweight ton, including 17 Newcastlemax, 19 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 17 Ultramax, and 10 Supramax vessels.
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