Q Global Advisors LLC continued to hold its stake in shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,781,335 shares of the shipping company’s stock at the end of the second quarter. Eagle Bulk Shipping accounts for approximately 21.3% of Q Global Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Q Global Advisors LLC’s holdings in Eagle Bulk Shipping were worth $8,148,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nationwide Fund Advisors lifted its holdings in Eagle Bulk Shipping by 1,097.4% during the second quarter. Nationwide Fund Advisors now owns 23,338 shares of the shipping company’s stock valued at $110,000 after purchasing an additional 21,389 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in shares of Eagle Bulk Shipping during the first quarter valued at approximately $172,000. Virtu KCG Holdings LLC bought a new stake in shares of Eagle Bulk Shipping during the second quarter valued at approximately $174,000. Rhumbline Advisers bought a new stake in shares of Eagle Bulk Shipping during the second quarter valued at approximately $206,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Eagle Bulk Shipping during the second quarter valued at approximately $306,000. 17.75% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently issued reports on EGLE. BidaskClub cut shares of Eagle Bulk Shipping from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Zacks Investment Research cut shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Maxim Group set a $5.00 price objective on shares of Eagle Bulk Shipping and gave the company a “hold” rating in a research report on Wednesday, August 30th. Finally, ValuEngine upgraded shares of Eagle Bulk Shipping from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.67.

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Eagle Bulk Shipping Inc. (NASDAQ:EGLE) traded down 0.22% during midday trading on Friday, hitting $4.62. 137,575 shares of the stock traded hands. The company’s 50 day moving average price is $4.64 and its 200 day moving average price is $4.76. Eagle Bulk Shipping Inc. has a 12 month low of $4.06 and a 12 month high of $11.16.

Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping Inc is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes. The Company operates in the Handymax sector of the dry bulk industry, with particular emphasis on the Supramax class of vessels.

Institutional Ownership by Quarter for Eagle Bulk Shipping (NASDAQ:EGLE)

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