Star Bulk Carriers Corp. (SBLK) can make a big difference with a little luck

Star Bulk Carriers Corp. (NASDAQ: SBLK) stock fell -2.63% on Monday to $21.86 against a previous-day closing price of $22.45. With 1.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.75 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $22.35 whereas the lowest price it dropped to was $21.66. The 52-week range on SBLK shows that it touched its highest point at $33.99 and its lowest point at $16.85 during that stretch. It currently has a 1-year price target of $29.71. With its current market cap of 2.18 billion, SBLK has annualized dividend of $4.80 while the current yield stands at 21.96%. Beta for the stock currently stands at 1.05.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SBLK was up-trending over the past week, with a rise of 5.10%, but this was up by 12.91% over a month. Three-month performance surged to 16.21% while six-month performance fell -14.07%. The stock gained 2.63% in the past year, while it has gained 13.68% so far this year. A look at the trailing 12-month EPS for SBLK yields 8.70 with Next year EPS estimates of 3.90. For the next quarter, that number is 0.92. This implies an EPS growth rate of -12.80% for this year and -34.45% for next year.

Float and Shares Shorts:

At present, 102.22 million SBLK shares are outstanding with a float of 93.36 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.99 million, which was 6.81% higher than short shares on Sep 14, 2022. In addition to Mr. Petros Alexandros Pappas as the firm’s Founder, CEO & Director, Mr. Hamish Norton serves as its Pres.

Institutional Ownership:

Through their ownership of 55.36% of SBLK’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.40% of SBLK, in contrast to 40.40% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in SBLK with 25.34% of the stake, Oaktree Capital Management LP holds 26,021,457 shares worth 26,021,457. A second-largest stockholder of SBLK, AllianceBernstein LP, holds 6,547,542 shares, controlling over 6.38% of the firm’s shares. PSG Asset Management is the third largest shareholder in SBLK, holding 1,683,956 shares or 1.64% stake. With a 1.22% stake in SBLK, the AB Discovery Value Fund is the largest stakeholder. A total of 1,254,704 shares are owned by the mutual fund manager. The PSG Flexible Fund, which owns about 0.69% of SBLK stock, is the second-largest Mutual Fund holder. It holds 709,132 shares valued at 13.64 million. iShares Emerging Markets Dividend holds 0.43% of the stake in SBLK, owning 439,387 shares worth 8.45 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBLK since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SBLK analysts setting a high price target of $33.00 and a low target of $22.00, the average target price over the next 12 months is $27.48. Based on these targets, SBLK could surge 50.96% to reach the target high and rise by 0.64% to reach the target low. Reaching the average price target will result in a growth of 25.71% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SBLK will report FY 2022 earnings on 02/15/2024. Analysts have provided yearly estimates in a range of $6.13 being high and $5.29 being low. For SBLK, this leads to a yearly average estimate of $5.75. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Star Bulk Carriers Corp. surprised analysts by -$0.07 when it reported $1.34 EPS against a consensus estimate of $1.41. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $1.10 and the low estimate is $0.58. The average estimate for the next quarter is thus $0.87.

Dividends & Yield:

In terms of dividends, SBLK has a current ratio of $6.5, which is $6.5 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and SBLK currently yields $29.73. In the past year, SBLK’s dividend yield has been $29.73. Accordingly, SBLK has a current buyback yield of $0.47. This was $0.47 for the TTM.

Summary of Insider Activity:

Insiders traded SBLK stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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