Eagle Bulk Shipping Inc. (NASDAQ:EGLE) CEO Gary Vogel Sells 29,441 Shares

Eagle Bulk Shipping Inc. (NASDAQ:EGLEGet Rating) CEO Gary Vogel sold 29,441 shares of the company’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $67.66, for a total value of $1,991,978.06. Following the transaction, the chief executive officer now owns 167,686 shares in the company, valued at $11,345,634.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Gary Vogel also recently made the following trade(s):

  • On Tuesday, March 22nd, Gary Vogel sold 15,000 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $63.75, for a total value of $956,250.00.

NASDAQ:EGLE traded down $1.28 during trading hours on Tuesday, hitting $69.57. The company’s stock had a trading volume of 589,398 shares, compared to its average volume of 359,329. The stock has a market capitalization of $948.45 million, a P/E ratio of 5.95 and a beta of 1.31. The stock has a fifty day moving average of $60.35 and a 200-day moving average of $49.21. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. Eagle Bulk Shipping Inc. has a 52-week low of $36.18 and a 52-week high of $72.24.

Eagle Bulk Shipping (NASDAQ:EGLEGet Rating) last posted its earnings results on Thursday, March 3rd. The shipping company reported $4.28 EPS for the quarter, missing the consensus estimate of $5.58 by ($1.30). The business had revenue of $161.49 million during the quarter, compared to analysts’ expectations of $152.49 million. Eagle Bulk Shipping had a net margin of 31.10% and a return on equity of 34.61%. During the same period last year, the company earned $0.01 EPS. On average, sell-side analysts forecast that Eagle Bulk Shipping Inc. will post 16.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 25th. Investors of record on Tuesday, March 15th were issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 11.79%. The ex-dividend date was Monday, March 14th. This is a positive change from Eagle Bulk Shipping’s previous quarterly dividend of $2.00. Eagle Bulk Shipping’s dividend payout ratio is 68.91%.

A number of large investors have recently bought and sold shares of EGLE. Goldman Sachs Group Inc. grew its holdings in shares of Eagle Bulk Shipping by 273.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 354,034 shares of the shipping company’s stock worth $16,108,000 after purchasing an additional 259,309 shares during the last quarter. State Street Corp grew its holdings in shares of Eagle Bulk Shipping by 69.2% during the fourth quarter. State Street Corp now owns 561,260 shares of the shipping company’s stock worth $25,537,000 after purchasing an additional 229,493 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in shares of Eagle Bulk Shipping during the first quarter worth about $12,815,000. Millennium Management LLC grew its holdings in shares of Eagle Bulk Shipping by 56.5% during the fourth quarter. Millennium Management LLC now owns 275,201 shares of the shipping company’s stock worth $12,522,000 after purchasing an additional 99,375 shares during the last quarter. Finally, Manatuck Hill Partners LLC grew its holdings in shares of Eagle Bulk Shipping by 273.0% during the third quarter. Manatuck Hill Partners LLC now owns 111,898 shares of the shipping company’s stock worth $5,642,000 after purchasing an additional 81,898 shares during the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on EGLE shares. B. Riley upped their price objective on Eagle Bulk Shipping from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, March 7th. TheStreet raised Eagle Bulk Shipping from a “c” rating to a “b-” rating in a research report on Friday, March 4th. Zacks Investment Research raised Eagle Bulk Shipping from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Tuesday, April 12th. Finally, StockNews.com raised Eagle Bulk Shipping from a “hold” rating to a “buy” rating in a research report on Tuesday, April 12th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $69.25.

Eagle Bulk Shipping Company Profile (Get Rating)

Eagle Bulk Shipping Inc engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users.

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