Star Bulk Carriers Corp. (NASDAQ:SBLK) has received an average rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.80.

Several analysts have recently commented on the stock. BidaskClub raised shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers Corp. and gave the company a “hold” rating in a report on Sunday, May 28th. TheStreet raised shares of Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Star Bulk Carriers Corp. in a report on Friday, May 26th.

Institutional investors have recently bought and sold shares of the stock. Caspian Capital LP boosted its position in Star Bulk Carriers Corp. by 10.7% in the second quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock valued at $31,139,000 after buying an additional 306,341 shares in the last quarter. Impala Asset Management LLC boosted its position in Star Bulk Carriers Corp. by 248.4% in the second quarter. Impala Asset Management LLC now owns 1,946,775 shares of the shipping company’s stock valued at $19,137,000 after buying an additional 1,387,975 shares in the last quarter. Renaissance Technologies LLC boosted its position in Star Bulk Carriers Corp. by 233.3% in the first quarter. Renaissance Technologies LLC now owns 576,599 shares of the shipping company’s stock valued at $6,850,000 after buying an additional 403,619 shares in the last quarter. Marshall Wace LLP purchased a new position in Star Bulk Carriers Corp. during the second quarter valued at about $4,046,000. Finally, River & Mercantile Asset Management LLP boosted its position in Star Bulk Carriers Corp. by 57.9% in the second quarter. River & Mercantile Asset Management LLP now owns 298,819 shares of the shipping company’s stock valued at $2,934,000 after buying an additional 109,600 shares in the last quarter. Hedge funds and other institutional investors own 75.03% of the company’s stock.

Shares of Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 11.62 on Tuesday. The company’s market cap is $735.96 million. The company has a 50 day moving average of $10.25 and a 200-day moving average of $9.68. Star Bulk Carriers Corp. has a 12-month low of $4.03 and a 12-month high of $13.40.

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About Star Bulk Carriers Corp.

Star Bulk Carriers Corp. is an international shipping company. The Company owns and operates a fleet of dry bulk carrier vessels. As of December 31, 2016, the Company’s fleet included 73 vessels consisting primarily of Newcastlemax and Capesize, as well as Kamsarmax, Ultramax and Supramax vessels with a carrying capacity between 52,055 and 209,537 deadweight tonnage (dwt).

Analyst Recommendations for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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