Star Bulk Carriers (NASDAQ:SBLK) released its quarterly earnings results on Monday. The shipping company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06, Morningstar.com reports. The business had revenue of $209.43 million during the quarter, compared to analyst estimates of $186.95 million. Star Bulk Carriers had a return on equity of 6.91% and a net margin of 12.83%.

Shares of NASDAQ:SBLK traded up $0.16 during trading on Tuesday, hitting $8.15. The stock had a trading volume of 242,120 shares, compared to its average volume of 626,496. Star Bulk Carriers has a 12 month low of $6.90 and a 12 month high of $15.38. The firm has a market capitalization of $539.04 million, a P/E ratio of -37.05 and a beta of 1.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.46 and a current ratio of 1.59.

Large investors have recently made changes to their positions in the company. Legal & General Group Plc bought a new position in shares of Star Bulk Carriers in the 3rd quarter worth approximately $68,000. WealthTrust Axiom LLC purchased a new stake in shares of Star Bulk Carriers in the 3rd quarter worth approximately $144,000. Virtu Financial LLC purchased a new stake in shares of Star Bulk Carriers in the 3rd quarter worth approximately $190,000. Jefferies Group LLC purchased a new stake in shares of Star Bulk Carriers in the 3rd quarter worth approximately $220,000. Finally, Sippican Capital Advisors grew its stake in shares of Star Bulk Carriers by 27.5% in the 4th quarter. Sippican Capital Advisors now owns 16,062 shares of the shipping company’s stock worth $147,000 after buying an additional 3,462 shares during the last quarter. 78.00% of the stock is owned by hedge funds and other institutional investors.

SBLK has been the subject of a number of recent analyst reports. Deutsche Bank set a $17.00 price target on Star Bulk Carriers and gave the company a “buy” rating in a research report on Thursday, November 8th. DNB Markets initiated coverage on Star Bulk Carriers in a research report on Friday, January 4th. They set a “buy” rating for the company. BidaskClub raised Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Zacks Investment Research lowered Star Bulk Carriers from a “hold” rating to a “strong sell” rating in a research report on Friday, November 30th. Finally, ValuEngine lowered Star Bulk Carriers from a “sell” rating to a “strong sell” rating in a research report on Tuesday, November 6th. Three investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $17.00.

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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 major bulks, including iron ores, coal, and grains, as well as minor bulks, such as bauxite, fertilizers, and steel products. As of October 10, 2018, the company had a fleet of 111 vessels with an aggregate capacity of approximately 12.67 million deadweight ton (dwt), including 17 Newcastlemax, 20 Capesize, 2 Mini Capesize, 7 Post Panamax, 35 Kamsarmax, 2 Panamax, 16 Ultramax, and 12 Supramax vessels.

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Earnings History for Star Bulk Carriers (NASDAQ:SBLK)

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