SBLK has been the topic of several other research reports. Zacks Investment Research raised Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Wednesday, December 21st. Jefferies Group LLC upped their price objective on Star Bulk Carriers Corp. from $6.50 to $11.00 and gave the stock a “buy” rating in a report on Monday, January 23rd. Finally, Pareto Securities downgraded Star Bulk Carriers Corp. from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.05.
Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) opened at 8.26 on Tuesday. The firm’s market cap is $377.76 million. The company’s 50-day moving average price is $7.93 and its 200-day moving average price is $5.52. Star Bulk Carriers Corp. has a 52-week low of $2.10 and a 52-week high of $9.50.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Monarch Alternative Capital LP acquired a new stake in shares of Star Bulk Carriers Corp. during the fourth quarter valued at approximately $102,000. A.R.T. Advisors LLC acquired a new stake in shares of Star Bulk Carriers Corp. during the fourth quarter valued at approximately $180,000. Renaissance Technologies LLC boosted its stake in shares of Star Bulk Carriers Corp. by 174.2\% in the fourth quarter. Renaissance Technologies LLC now owns 172,980 shares of the company’s stock valued at $884,000 after buying an additional 109,886 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Star Bulk Carriers Corp. during the fourth quarter valued at approximately $1,259,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Star Bulk Carriers Corp. by 542.7\% in the fourth quarter. GSA Capital Partners LLP now owns 409,323 shares of the company’s stock valued at $2,092,000 after buying an additional 345,634 shares during the last quarter. 67.79\% of the stock is currently owned by hedge funds and other institutional investors.
Source: Zacks
