Star Bulk CarriersSBLK
SBLK
About: Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. It generates revenues through the voyages it carries out.
Employees: 216
0
Funds holding %
of 6,810 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
14% more funds holding in top 10
Funds holding in top 10: 7 [Q2] → 8 (+1) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 76
7% less call options, than puts
Call options by funds: $40.3M | Put options by funds: $43.1M
9% less funds holding
Funds holding: 240 [Q2] → 219 (-21) [Q3]
13.82% less ownership
Funds ownership: 52.05% [Q2] → 38.23% (-13.82%) [Q3]
26% less capital invested
Capital invested by funds: $1.44B [Q2] → $1.07B (-$371M) [Q3]
34% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 50
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$21
43%
upside
Avg. target
$25
67%
upside
High target
$28
91%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Jefferies Omar Nokta 23% 1-year accuracy 13 / 57 met price target | 91%upside $28 | Buy Maintained | 20 Nov 2024 |
Stifel Benjamin Nolan 44% 1-year accuracy 17 / 39 met price target | 43%upside $21 | Hold Downgraded | 23 Oct 2024 |
Financial journalist opinion
Based on 8 articles about SBLK published over the past 30 days
Positive
Seeking Alpha
3 days ago
4 Of 35 Safe-Buy Dividend Power Dogs In January
Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.
Neutral
Zacks Investment Research
1 week ago
Star Bulk Carriers (SBLK) Ascends While Market Falls: Some Facts to Note
In the closing of the recent trading day, Star Bulk Carriers (SBLK) stood at $14.95, denoting a +1.7% change from the preceding trading day.
Positive
Seeking Alpha
1 week ago
Star Bulk Carriers: Potential Supply Imbalance Is A Bullish Tailwind
Star Bulk Carriers' stock dropped 40% due to falling freight rates, but long-term tailwinds like a potential supply imbalance remain strong. The company benefited from high charter rates post-COVID, boosting EBITDA and margins, supporting generous dividends and buybacks. Chronic tailwinds such as limited new vessel supply, strong Chinese demand, and Middle East tensions could sustain higher freight rates.
Neutral
Zacks Investment Research
2 weeks ago
Star Bulk Carriers (SBLK) Stock Declines While Market Improves: Some Information for Investors
Star Bulk Carriers (SBLK) closed at $15.12 in the latest trading session, marking a -0.85% move from the prior day.
Neutral
Zacks Investment Research
2 weeks ago
Wall Street Bulls Look Optimistic About Star Bulk Carriers (SBLK): Should You Buy?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Negative
Zacks Investment Research
3 weeks ago
Here's Why Star Bulk Carriers (SBLK) Fell More Than Broader Market
In the most recent trading session, Star Bulk Carriers (SBLK) closed at $14.94, indicating a -0.4% shift from the previous trading day.
Neutral
GlobeNewsWire
3 weeks ago
Star Bulk Carriers Corp. Announces an Amended Dividend Policy and Share Buy-Back Under a New Share Repurchase Program
ATHENS, Greece, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that the Company's Board further amended its dividend policy which was in place since 2021. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries.
Positive
Seeking Alpha
4 weeks ago
Star Bulk Carriers: 3 Reasons To Consider An Investment
Star Bulk Carriers, a leading dry bulk company, has a strong financial position and operational efficiency, bolstered by its merger with Eagle Bulk Shipping. Despite the recent share price drop, SBLK offers an extraordinary dividend yield, expected to stabilize around 9%, making it attractive for long-term holders. The share price is nearing a major support level, suggesting a new buying zone and potential for substantial medium-term rewards.
Positive
Benzinga
1 month ago
Top 3 Industrials Stocks You'll Regret Missing In December
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
Positive
Seeking Alpha
1 month ago
Star Bulk Carriers: The More It Falls, The Richer The Dividend Yields
Macro events surrounding the dry bulk industry remain mixed, albeit improved compared to pre-pandemic periods, with it already triggering higher contracted TCE rates for SBLK. These have directly contributed to the company's robust FQ3'24 performance, healthier balance sheet, and richer dividend yields compared to historical levels. If anything, market players remain cautiously optimistic about 2025 and beyond, attributed to the Red Sea/ Ukraine conflict, impact of slow steaming, and the resultant supply/ demand imbalance.
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