Star Bulk Carriers Corp. (NASDAQ:SBLK) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) by 7,313.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 455,254 shares of the shipping company’s stock after purchasing an additional 449,113 shares during the quarter. Barclays PLC owned about 0.54% of Star Bulk Carriers worth $10,784,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC grew its stake in Star Bulk Carriers by 229.6% during the third quarter. FMR LLC now owns 404,196 shares of the shipping company’s stock worth $9,575,000 after buying an additional 281,552 shares during the period. Autumn Glory Partners LLC purchased a new stake in Star Bulk Carriers during the 3rd quarter worth $649,000. Benson Investment Management Company Inc. acquired a new stake in Star Bulk Carriers in the 3rd quarter valued at $5,259,000. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its position in Star Bulk Carriers by 34.1% in the second quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 295,000 shares of the shipping company’s stock valued at $7,192,000 after purchasing an additional 75,000 shares during the period. Finally, Navellier & Associates Inc. acquired a new position in shares of Star Bulk Carriers during the third quarter worth about $892,000. Institutional investors and hedge funds own 33.91% of the company’s stock.

Star Bulk Carriers Trading Down 1.0 %

SBLK opened at $15.00 on Tuesday. Star Bulk Carriers Corp. has a 12-month low of $14.71 and a 12-month high of $27.47. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.69 and a quick ratio of 1.50. The stock has a market capitalization of $1.26 billion, a PE ratio of 5.07, a P/E/G ratio of 3.95 and a beta of 0.96. The firm’s fifty day moving average price is $18.86 and its 200 day moving average price is $21.46.

Star Bulk Carriers Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.60 per share. The ex-dividend date is Thursday, December 5th. This represents a $2.40 annualized dividend and a dividend yield of 16.00%. Star Bulk Carriers’s payout ratio is 81.08%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBLK. Deutsche Bank Aktiengesellschaft initiated coverage on Star Bulk Carriers in a research report on Wednesday, September 4th. They set a “buy” rating and a $26.00 price target on the stock. StockNews.com cut shares of Star Bulk Carriers from a “buy” rating to a “hold” rating in a research report on Thursday, December 12th. DNB Markets raised shares of Star Bulk Carriers from a “sell” rating to a “hold” rating and raised their price target for the company from $19.30 to $20.20 in a report on Thursday, November 21st. Stifel Nicolaus lowered shares of Star Bulk Carriers from a “buy” rating to a “hold” rating and cut their price objective for the stock from $30.00 to $21.00 in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group restated a “buy” rating and set a $28.00 target price on shares of Star Bulk Carriers in a research note on Wednesday, November 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Star Bulk Carriers presently has a consensus rating of “Hold” and an average price target of $23.80.

Star Bulk Carriers Company Profile

Star Bulk Carriers Corp., a shipping company, engages in the ocean transportation of dry bulk cargoes worldwide. Its vessels transport a range of bulk commodities, including iron ores, minerals and grains, bauxite, fertilizers, and steel products. As of December 31, 2023, the company owned a fleet of 116 dry bulk vessels with combined carrying capacity of 13.1 million deadweight tonnage (dwt) consisting of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax vessels with carrying capacities between 53,489 dwt and 209,537 dwt.