Star Bulk Carriers (SBLK) Scheduled to Post Earnings on Wednesday

Star Bulk Carriers (NASDAQ:SBLKGet Rating) will post its quarterly earnings results after the market closes on Wednesday, November 16th. Analysts expect Star Bulk Carriers to post earnings of $1.45 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Star Bulk Carriers Stock Down 0.1 %

Shares of NASDAQ SBLK opened at $19.93 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.75 and a current ratio of 2.07. Star Bulk Carriers has a 52 week low of $16.85 and a 52 week high of $33.99. The stock has a market capitalization of $2.04 billion, a P/E ratio of 2.29 and a beta of 0.98. The stock’s fifty day moving average is $19.30 and its 200 day moving average is $24.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its stake in shares of Star Bulk Carriers by 23.3% during the second quarter. Legal & General Group Plc now owns 26,780 shares of the shipping company’s stock valued at $669,000 after purchasing an additional 5,056 shares in the last quarter. Atlas Capital Advisors LLC acquired a new stake in shares of Star Bulk Carriers during the second quarter valued at about $140,000. Atria Wealth Solutions Inc. boosted its stake in shares of Star Bulk Carriers by 152.1% during the second quarter. Atria Wealth Solutions Inc. now owns 21,050 shares of the shipping company’s stock valued at $526,000 after purchasing an additional 12,700 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Star Bulk Carriers by 224.5% during the second quarter. Sei Investments Co. now owns 43,094 shares of the shipping company’s stock valued at $1,077,000 after purchasing an additional 29,815 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Star Bulk Carriers by 42.1% during the second quarter. LPL Financial LLC now owns 60,373 shares of the shipping company’s stock valued at $1,509,000 after purchasing an additional 17,876 shares in the last quarter. Institutional investors own 52.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Star Bulk Carriers from $40.00 to $33.00 in a research report on Thursday, October 27th. Pareto Securities upgraded Star Bulk Carriers from a “hold” rating to a “buy” rating in a research report on Tuesday, September 20th. Jefferies Financial Group decreased their target price on Star Bulk Carriers from $30.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, September 26th. StockNews.com began coverage on Star Bulk Carriers in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Stifel Nicolaus decreased their target price on Star Bulk Carriers from $37.00 to $32.00 in a research report on Tuesday, July 19th.

Star Bulk Carriers Company Profile

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Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. The company's 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 December 31, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including 17 Newcastlemax, 24 Capesize, 7 Post Panamax, 41 Kamsarmax, 2 Panamax, 20 Ultramax, and 17 Supramax vessels.

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Earnings History for Star Bulk Carriers (NASDAQ:SBLK)

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