Ready to Jump After Recent Trade: Star Bulk Carriers Corp. (SBLK)

Star Bulk Carriers Corp. (NASDAQ: SBLK) stock jumped 4.07% on Thursday to $18.15 against a previous-day closing price of $17.44. With 1.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.91 million shares. During the session, the Marine Shipping company that operates in wider Industrials sector, reached to the highest price of $18.30 whereas the lowest price it dropped to was $17.69. The 52-week range on SBLK shows that it touched its highest point at $25.03 and its lowest point at $16.57 during that stretch. It currently has a 1-year price target of $27.97. With its current market cap of 1.85 billion, SBLK has annualized dividend of $1.60 while the current yield stands at 8.82%. Beta for the stock currently stands at 1.06.

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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 4.19%, but this was down by -1.09% over a month. Three-month performance dropped to -0.98% while six-month performance fell -14.06%. The stock lost -14.14% in the past year, while it has lost -5.62% so far this year. A look at the trailing 12-month EPS for SBLK yields 7.07 with Next year EPS estimates of 3.38. For the next quarter, that number is 0.31. This implies an EPS growth rate of -17.70% for this year and 86.71% for next year.

Float and Shares Shorts:

At present, 102.67 million SBLK shares are outstanding with a float of 97.19 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.81 million, which was 2.72% higher than short shares on Jul 30, 2023. 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 48.57% of SBLK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.79% of SBLK, in contrast to 39.28% 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 26,067,483 shares worth 26,067,483. A second-largest stockholder of SBLK, AllianceBernstein LP, holds 5,053,834 shares, controlling over 4.91% of the firm’s shares. PSG Asset Management is the third largest shareholder in SBLK, holding 1,590,458 shares or 1.55% stake. With a 1.31% stake in SBLK, the AB Discovery Value Fund is the largest stakeholder. A total of 1,348,631 shares are owned by the mutual fund manager. The PSG Flexible Fund, which owns about 0.70% of SBLK stock, is the second-largest Mutual Fund holder. It holds 723,083 shares valued at 13.07 million. AB US Small and Mid Cap Value CIT holds 0.47% of the stake in SBLK, owning 484,075 shares worth 8.75 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, SBLK reported revenue of $417.33M and operating income of $213.75M. The EBITDA in the recently reported quarter was $250.99M and diluted EPS was $1.95.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SBLK since 0 analysts follow the stock currently. 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 $34.00 and a low target of $18.00, the average target price over the next 12 months is $25.51. Based on these targets, SBLK could surge 87.33% to reach the target high and fall by -0.83% to reach the target low. Reaching the average price target will result in a growth of 40.55% 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.

Dividends & Yield:

In terms of dividends, SBLK has a current ratio of $2.55, which is $2.55 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and SBLK currently yields $14.05. In the past year, SBLK’s dividend yield has been $14.05. Accordingly, SBLK has a current buyback yield of $0.7. This was $0.7 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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