Valueworks LLC Boosts Stake in Star Bulk Carriers Corp. $SBLK

Valueworks LLC raised its position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLKFree Report) by 6.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 364,270 shares of the shipping company’s stock after acquiring an additional 22,545 shares during the period. Star Bulk Carriers makes up 2.1% of Valueworks LLC’s portfolio, making the stock its 18th biggest position. Valueworks LLC owned about 0.31% of Star Bulk Carriers worth $5,668,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SBLK. Sowell Financial Services LLC lifted its stake in shares of Star Bulk Carriers by 2.4% during the first quarter. Sowell Financial Services LLC now owns 61,909 shares of the shipping company’s stock worth $963,000 after purchasing an additional 1,466 shares in the last quarter. Sigma Planning Corp lifted its stake in shares of Star Bulk Carriers by 6.8% in the first quarter. Sigma Planning Corp now owns 24,009 shares of the shipping company’s stock worth $374,000 after acquiring an additional 1,527 shares in the last quarter. Capital Analysts LLC lifted its stake in shares of Star Bulk Carriers by 215.9% in the fourth quarter. Capital Analysts LLC now owns 2,284 shares of the shipping company’s stock worth $34,000 after acquiring an additional 1,561 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Star Bulk Carriers by 5.9% in the first quarter. Blue Trust Inc. now owns 33,440 shares of the shipping company’s stock worth $520,000 after acquiring an additional 1,875 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. lifted its stake in shares of Star Bulk Carriers by 66.7% in the first quarter. Mountain Hill Investment Partners Corp. now owns 5,000 shares of the shipping company’s stock worth $78,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 33.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SBLK. Zacks Research upgraded Star Bulk Carriers from a “strong sell” rating to a “hold” rating in a research note on Friday, August 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price target on shares of Star Bulk Carriers in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded Star Bulk Carriers from a “sell” rating to a “hold” rating in a research note on Sunday, August 10th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.30.

Check Out Our Latest Stock Report on SBLK

Star Bulk Carriers Stock Up 0.7%

NASDAQ:SBLK opened at $19.12 on Friday. The firm has a market capitalization of $2.25 billion, a PE ratio of 18.21 and a beta of 0.94. The stock has a 50 day moving average of $18.18 and a 200-day moving average of $16.42. Star Bulk Carriers Corp. has a 52 week low of $12.06 and a 52 week high of $23.82. The company has a current ratio of 1.61, a quick ratio of 1.42 and a debt-to-equity ratio of 0.40.

Star Bulk Carriers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Thursday, August 28th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.0%. Star Bulk Carriers’s dividend payout ratio is 19.05%.

Star Bulk Carriers Company Profile

(Free Report)

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.

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Institutional Ownership by Quarter for Star Bulk Carriers (NASDAQ:SBLK)

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