Star Bulk Carriers (NASDAQ:SBLK – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a report issued on Tuesday, Benzinga reports. They currently have a $22.00 target price on the shipping company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 17.02% from the stock’s current price.
SBLK has been the topic of a number of other reports. StockNews.com assumed coverage on Star Bulk Carriers in a report on Thursday, October 5th. They set a “hold” rating on the stock. Stifel Nicolaus dropped their price target on Star Bulk Carriers from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th.
Star Bulk Carriers Stock Performance
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SBLK. Quarry LP purchased a new position in shares of Star Bulk Carriers in the second quarter worth $25,000. State of Wyoming bought a new stake in Star Bulk Carriers during the second quarter valued at about $28,000. VisionPoint Advisory Group LLC bought a new position in shares of Star Bulk Carriers in the second quarter worth about $30,000. Worth Asset Management LLC bought a new position in shares of Star Bulk Carriers in the first quarter worth about $73,000. Finally, Captrust Financial Advisors boosted its stake in shares of Star Bulk Carriers by 29.2% in the first quarter. Captrust Financial Advisors now owns 2,656 shares of the shipping company’s stock worth $79,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 44.66% of the company’s stock.
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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