Star Bulk Carriers (NASDAQ:SBLK) Insider Alexandros Pappas Buys 74,400 Shares of Stock

Star Bulk Carriers Corp. (NASDAQ:SBLK) insider Alexandros Pappas purchased 74,400 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was purchased at an average cost of $28.27 per share, with a total value of $2,103,288.00. Following the purchase, the insider owned 2,532,150 shares in the company, valued at approximately $71,583,880.50. This trade represents a 3.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Star Bulk Carriers Trading Up 2.9%

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

Star Bulk Carriers (NASDAQ:SBLK) last issued its quarterly earnings data 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 firm had revenue of $284.60 million for the quarter, compared to analyst estimates of $284.29 million. Star Bulk Carriers had a net margin of 23.87% and a return on equity of 11.72%. Research analysts forecast that Star Bulk Carriers Corp. will post 4.32 EPS for the current year.

Star Bulk Carriers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Friday, August 21st were issued a $0.90 dividend. The ex-dividend date was Friday, August 21st. This represents a $3.60 annualized dividend and a dividend yield of 11.3%. This is an increase from Star Bulk Carriers’s previous quarterly dividend of $0.50. Star Bulk Carriers’s dividend payout ratio (DPR) is currently 141.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raiffeisen Bank International AG grew its stake in shares of Star Bulk Carriers by 26.3% in the second quarter. Raiffeisen Bank International AG now owns 66,429 shares of the shipping company’s stock worth $1,659,000 after acquiring an additional 13,851 shares in the last quarter. BTG Pactual Asset Management US LLC raised its stake in shares of Star Bulk Carriers by 3.9% in the second quarter. BTG Pactual Asset Management US LLC now owns 53,570 shares of the shipping company’s stock valued at $1,338,000 after acquiring an additional 1,986 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Star Bulk Carriers by 0.8% in the second quarter. Headlands Technologies LLC now owns 66,333 shares of the shipping company’s stock valued at $1,656,000 after acquiring an additional 518 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Star Bulk Carriers in the second quarter valued at $1,371,000. Finally, Bank of America Corp DE boosted its holdings in Star Bulk Carriers by 48.5% in the first quarter. Bank of America Corp DE now owns 565,562 shares of the shipping company’s stock valued at $12,991,000 after purchasing an additional 184,837 shares during the period. Institutional investors and hedge funds own 33.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SBLK. Jefferies Financial Group lifted their target price on shares of Star Bulk Carriers from $29.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded Star Bulk Carriers from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Star Bulk Carriers in a research note on Friday, May 22nd. Finally, Weiss Ratings upgraded Star Bulk Carriers from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $31.50.

More Star Bulk Carriers News

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

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.