Star Bulk Carriers (NASDAQ:SBLK) Insider Charis Plakantonaki Purchases 3,000 Shares of Stock

Star Bulk Carriers Corp. (NASDAQ:SBLK) insider Charis Plakantonaki bought 3,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $28.27 per share, with a total value of $84,810.00. Following the transaction, the insider owned 58,778 shares in the company, valued at approximately $1,661,654.06. This represents a 5.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Charis Plakantonaki also recently made the following trade(s):

• On Monday, August 17th, Charis Plakantonaki sold 10,825 shares of Star Bulk Carriers stock. The shares were sold at an average price of $29.82, for a total transaction of $322,801.50.
• On Friday, August 14th, Charis Plakantonaki sold 10,825 shares of Star Bulk Carriers stock. The shares were sold at an average price of $28.95, for a total value of $313,383.75.

Star Bulk Carriers Stock Up 2.9%

SBLK stock traded up $0.90 during mid-day trading on Thursday, hitting $31.77. The stock had a trading volume of 265,264 shares, compared to its average volume of 1,428,383. Star Bulk Carriers Corp. has a 1-year low of $16.72 and a 1-year high of $32.88. The company has a fifty day moving average of $29.05 and a 200 day moving average of $26.58. The company has a current ratio of 1.91, a quick ratio of 1.74 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.46 and a beta of 0.70.

Star Bulk Carriers (NASDAQ:SBLK) last announced its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.26. The business had revenue of $284.60 million during the quarter, compared to analyst estimates of $284.29 million. Star Bulk Carriers had a return on equity of 11.72% and a net margin of 23.87%. On average, equities analysts expect that Star Bulk Carriers Corp. will post 4.32 EPS for the current fiscal year.

Star Bulk Carriers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 11.3%. This is a boost from Star Bulk Carriers’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, August 21st. Star Bulk Carriers’s dividend payout ratio is presently 141.18%.

Hedge Funds Weigh In On Star Bulk Carriers

Large investors have recently made changes to their positions in the business. Leonteq Securities AG bought a new stake in Star Bulk Carriers during the 4th quarter valued at approximately $38,000. SG Americas Securities LLC bought a new position in Star Bulk Carriers in the 1st quarter worth approximately $187,000. Summit Securities Group LLC acquired a new position in shares of Star Bulk Carriers during the first quarter worth approximately $193,000. State of Wyoming lifted its holdings in shares of Star Bulk Carriers by 190.3% during the first quarter. State of Wyoming now owns 10,363 shares of the shipping company’s stock worth $238,000 after buying an additional 6,793 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Star Bulk Carriers in the first quarter valued at approximately $403,000. Institutional investors and hedge funds own 33.91% of the company’s stock.

Star Bulk Carriers News Summary

Here are the key news stories impacting Star Bulk Carriers this week:

• Positive Sentiment: Company insiders bought a combined 33,000 shares worth approximately $932,910 at $28.27 per share. Purchases included 15,000 shares by CFO Symeon Spyrou, 10,000 by COO Nikolaos Rescos, 6,000 by Director Koert Erhardt and 2,000 by Director Nikolaos Karellis. The purchases may signal that management views SBLK as attractively valued. Insider buying report
• Positive Sentiment: Zacks added SBLK to its Rank #1 “Strong Buy” list and its Strong Buy income-stock list. The upgrade may attract momentum and dividend-focused investors, although it does not directly change the company’s earnings outlook. Zacks Strong Buy report
• Positive Sentiment: Star Bulk completed a public offering tied to its Euronext Athens listing, raising approximately €107.8 million. The proceeds strengthen liquidity and could support fleet investments or other corporate purposes. Euronext offering results
• Neutral Sentiment: The company listed on Euronext Athens and formally designated Greece as its home member state under Greek securities law. The move broadens access to European investors but has limited immediate effect on revenue or cash flow. Euronext listing announcement
• Negative Sentiment: The follow-on equity offering increases the number of shares outstanding, creating potential dilution for existing shareholders and adding near-term selling pressure. Investors will weigh that risk against the company’s stronger balance-sheet liquidity. Follow-on offering report

Wall Street Analyst Weigh In

SBLK has been the topic of a number of analyst reports. Weiss Ratings raised Star Bulk Carriers from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $32.00 price target on shares of Star Bulk Carriers in a report on Friday, May 22nd. Zacks Research raised shares of Star Bulk Carriers from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Finally, Jefferies Financial Group boosted their price objective on shares of Star Bulk Carriers from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $31.50.

Star Bulk Carriers Company Profile

Star Bulk Carriers Corp. is a global dry bulk shipping company that owns and operates vessels used to transport major and minor bulk commodities. Its fleet serves the international supply chains for iron ore, grain, bauxite, fertilizers, steel products and other dry cargoes.

The company operates a diversified fleet that includes large Capesize and Newcastlemax vessels as well as Panamax, Ultramax and Supramax bulk carriers. Star Bulk’s vessels serve customers and ports across major shipping routes worldwide, supporting commodity trade between producers, exporters and end markets.

Star Bulk Carriers was founded in 2006 and is headquartered in Maroussi, Greece, with the company incorporated in the Marshall Islands.