Star Bulk Carriers Corp. (NASDAQ:SBLK) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its position in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,513 shares of the shipping company’s stock after selling 1,000 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Star Bulk Carriers were worth $500,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Golden Green Inc. boosted its holdings in Star Bulk Carriers by 2.6% in the third quarter. Golden Green Inc. now owns 46,347 shares of the shipping company’s stock worth $894,000 after purchasing an additional 1,193 shares during the period. NBC Securities Inc. acquired a new stake in Star Bulk Carriers during the third quarter worth about $214,000. Boston Partners lifted its holdings in Star Bulk Carriers by 1.9% in the third quarter. Boston Partners now owns 53,843 shares of the shipping company’s stock worth $1,038,000 after acquiring an additional 1,013 shares during the last quarter. Hosking Partners LLP boosted its stake in Star Bulk Carriers by 20.1% in the third quarter. Hosking Partners LLP now owns 291,317 shares of the shipping company’s stock valued at $5,617,000 after acquiring an additional 48,691 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Star Bulk Carriers by 61.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 204,808 shares of the shipping company’s stock valued at $3,949,000 after purchasing an additional 77,717 shares during the last quarter. 33.91% of the stock is currently owned by institutional investors.

Star Bulk Carriers Trading Down 0.0 %

Star Bulk Carriers stock opened at $24.82 on Monday. Star Bulk Carriers Corp. has a 52-week low of $16.57 and a 52-week high of $25.16. The company has a quick ratio of 1.09, a current ratio of 1.26 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.02 and a beta of 1.07. The firm has a 50-day moving average price of $23.96 and a two-hundred day moving average price of $21.80.

Star Bulk Carriers (NASDAQ:SBLK) last released its quarterly earnings results on Tuesday, February 13th. The shipping company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.16. Star Bulk Carriers had a return on equity of 9.77% and a net margin of 18.28%. The company had revenue of $263.46 million during the quarter, compared to analysts’ expectations of $236.40 million. During the same quarter in the prior year, the business posted $0.90 earnings per share. Sell-side analysts expect that Star Bulk Carriers Corp. will post 4.19 earnings per share for the current year.

Star Bulk Carriers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, March 12th were given a dividend of $0.45 per share. This is a positive change from Star Bulk Carriers’s previous quarterly dividend of $0.22. The ex-dividend date was Monday, March 11th. This represents a $1.80 annualized dividend and a dividend yield of 7.25%. Star Bulk Carriers’s dividend payout ratio (DPR) is 101.70%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price objective on Star Bulk Carriers from $76.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th.

About Star Bulk Carriers

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.