Caspian Capital LP lifted its holdings in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 10.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,167,787 shares of the shipping company’s stock after acquiring an additional 306,341 shares during the quarter. Star Bulk Carriers Corp. accounts for about 3.6% of Caspian Capital LP’s holdings, making the stock its 2nd biggest holding. Caspian Capital LP owned approximately 5.00% of Star Bulk Carriers Corp. worth $31,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SBLK. Capital Fund Management S.A. bought a new stake in shares of Star Bulk Carriers Corp. in the 2nd quarter worth approximately $103,000. Investment Centers of America Inc. bought a new stake in shares of Star Bulk Carriers Corp. in the 1st quarter worth approximately $118,000. GLG Partners LP bought a new stake in shares of Star Bulk Carriers Corp. in the 2nd quarter worth approximately $127,000. KCG Holdings Inc. bought a new stake in shares of Star Bulk Carriers Corp. in the 1st quarter worth approximately $140,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Star Bulk Carriers Corp. in the 2nd quarter worth approximately $145,000. Hedge funds and other institutional investors own 75.03% of the company’s stock.

Star Bulk Carriers Corp. (SBLK) traded down 0.49% during midday trading on Friday, reaching $10.16. 270,763 shares of the company were exchanged. The company has a 50-day moving average of $10.77 and a 200 day moving average of $9.92. The firm’s market capitalization is $644.30 million. Star Bulk Carriers Corp. has a 52 week low of $4.04 and a 52 week high of $13.40.

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A number of equities research analysts have recently weighed in on SBLK shares. Zacks Investment Research upgraded shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Pareto Securities upgraded shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub upgraded shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, TheStreet lowered shares of Star Bulk Carriers Corp. from a “c” rating to a “d+” rating in a report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.80.

Star Bulk Carriers Corp. Profile

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

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Institutional Ownership by Quarter for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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