Several other research firms have also recently issued reports on SBLK. Pareto Securities cut Star Bulk Carriers from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Zacks Investment Research downgraded Star Bulk Carriers from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. TheStreet lowered Star Bulk Carriers from a “c-” rating to a “d” rating in a research report on Friday, August 9th. Finally, ValuEngine upgraded Star Bulk Carriers from a “strong sell” rating to a “sell” rating in a report on Thursday, November 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $13.50.
SBLK traded up $0.18 during trading on Wednesday, hitting $10.83. 9,638 shares of the stock traded hands, compared to its average volume of 579,886. The firm has a market capitalization of $1.01 billion, a P/E ratio of 9.76 and a beta of 1.69. Star Bulk Carriers has a 12-month low of $6.16 and a 12-month high of $11.81. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.82 and a quick ratio of 0.64. The firm has a 50-day moving average of $10.69 and a 200 day moving average of $9.88.
Star Bulk Carriers (NASDAQ:SBLK) last released its quarterly earnings data on Wednesday, November 20th. The shipping company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $248.44 million for the quarter, compared to analysts’ expectations of $215.35 million. Star Bulk Carriers had a negative net margin of 3.50% and a positive return on equity of 1.24%. As a group, equities analysts predict that Star Bulk Carriers will post 0.09 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of SBLK. Tower Research Capital LLC TRC purchased a new position in Star Bulk Carriers during the 3rd quarter valued at approximately $32,000. Advisor Group Inc. raised its stake in shares of Star Bulk Carriers by 839.5% during the second quarter. Advisor Group Inc. now owns 3,570 shares of the shipping company’s stock valued at $34,000 after acquiring an additional 3,190 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of Star Bulk Carriers during the 1st quarter worth $47,000. Wells Fargo & Company MN bought a new stake in shares of Star Bulk Carriers in the second quarter valued at about $102,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Star Bulk Carriers in the second quarter worth about $109,000. Institutional investors and hedge funds 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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