Sippican Capital Advisors Has $120,000 Holdings in Star Bulk Carriers Corp. (SBLK)

Sippican Capital Advisors raised its stake in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 13.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,178 shares of the shipping company’s stock after buying an additional 2,116 shares during the quarter. Sippican Capital Advisors’ holdings in Star Bulk Carriers were worth $120,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SBLK. Oaktree Capital Management LP grew its holdings in shares of Star Bulk Carriers by 11.8% during the 4th quarter. Oaktree Capital Management LP now owns 34,161,751 shares of the shipping company’s stock worth $312,239,000 after purchasing an additional 3,603,984 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Star Bulk Carriers by 40.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,539,336 shares of the shipping company’s stock worth $22,243,000 after purchasing an additional 440,437 shares during the period. Anchor Bolt Capital LP grew its holdings in shares of Star Bulk Carriers by 96.1% during the 4th quarter. Anchor Bolt Capital LP now owns 1,036,094 shares of the shipping company’s stock worth $9,470,000 after purchasing an additional 507,634 shares during the period. Marshall Wace LLP grew its holdings in shares of Star Bulk Carriers by 85.8% during the 3rd quarter. Marshall Wace LLP now owns 688,473 shares of the shipping company’s stock worth $9,948,000 after purchasing an additional 317,857 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Star Bulk Carriers by 167.8% during the 3rd quarter. Morgan Stanley now owns 339,742 shares of the shipping company’s stock worth $4,909,000 after purchasing an additional 212,861 shares during the period. Institutional investors own 56.46% of the company’s stock.

SBLK has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Star Bulk Carriers from a “strong sell” rating to a “hold” rating in a report on Friday, February 22nd. BidaskClub upgraded Star Bulk Carriers from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Morgan Stanley lowered Star Bulk Carriers from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 15th. Finally, DNB Markets started coverage on Star Bulk Carriers in a research note on Friday, January 4th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Star Bulk Carriers presently has an average rating of “Hold” and an average target price of $17.00.

Shares of NASDAQ SBLK traded down $0.06 during midday trading on Wednesday, hitting $8.18. 11,381 shares of the company’s stock were exchanged, compared to its average volume of 638,057. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.22 and a current ratio of 1.34. Star Bulk Carriers Corp. has a twelve month low of $6.16 and a twelve month high of $15.38. The firm has a market capitalization of $760.47 million, a PE ratio of 7.40 and a beta of 1.62.

Star Bulk Carriers (NASDAQ:SBLK) last issued its earnings results on Monday, February 11th. The shipping company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. Star Bulk Carriers had a return on equity of 6.85% and a net margin of 9.05%. The business had revenue of $209.43 million for the quarter, compared to analyst estimates of $186.95 million. On average, sell-side analysts forecast that Star Bulk Carriers Corp. will post 0.28 earnings per share for the current fiscal year.

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About Star Bulk Carriers

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

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