LPL Financial LLC boosted its stake in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK – Free Report) by 11.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 90,283 shares of the shipping company’s stock after buying an additional 9,346 shares during the period. LPL Financial LLC owned approximately 0.09% of Star Bulk Carriers worth $1,598,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of SBLK. Janney Montgomery Scott LLC grew its stake in shares of Star Bulk Carriers by 17.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 166,295 shares of the shipping company’s stock worth $3,512,000 after acquiring an additional 24,395 shares in the last quarter. Golden Green Inc. grew its stake in shares of Star Bulk Carriers by 22.4% in the first quarter. Golden Green Inc. now owns 45,803 shares of the shipping company’s stock valued at $967,000 after buying an additional 8,396 shares in the last quarter. Raymond James & Associates grew its stake in shares of Star Bulk Carriers by 1.3% in the first quarter. Raymond James & Associates now owns 46,848 shares of the shipping company’s stock valued at $989,000 after buying an additional 614 shares in the last quarter. Money Concepts Capital Corp grew its stake in shares of Star Bulk Carriers by 68.6% in the first quarter. Money Concepts Capital Corp now owns 10,302 shares of the shipping company’s stock valued at $218,000 after buying an additional 4,191 shares in the last quarter. Finally, FIL Ltd bought a new position in shares of Star Bulk Carriers in the first quarter valued at $1,580,000. 44.66% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a $22.00 target price on shares of Star Bulk Carriers in a research note on Friday, August 4th. Stifel Nicolaus decreased their target price on shares of Star Bulk Carriers from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 19th. Finally, StockNews.com assumed coverage on shares of Star Bulk Carriers in a research report on Thursday, October 5th. They set a “hold” rating for the company.
Star Bulk Carriers Stock Up 0.7 %
SBLK opened at $18.52 on Tuesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 6.66 and a beta of 0.96. The stock has a fifty day moving average of $18.69 and a 200-day moving average of $18.27. Star Bulk Carriers Corp. has a fifty-two week low of $16.57 and a fifty-two week high of $25.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.48.
About Star Bulk Carriers
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 bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2022, it had a fleet of 128 dry bulk vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels.
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