Shares of Star Bulk Carriers Corp. (NASDAQ:SBLK) have been assigned an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $13.20.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of Star Bulk Carriers from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. BidaskClub raised shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Monday, August 14th. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Pareto Securities raised shares of Star Bulk Carriers from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th.

Shares of Star Bulk Carriers (NASDAQ:SBLK) opened at $10.68 on Thursday. Star Bulk Carriers has a 52-week low of $4.63 and a 52-week high of $13.40. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.93 and a quick ratio of 6.93.

A number of hedge funds have recently modified their holdings of SBLK. Impala Asset Management LLC boosted its stake in Star Bulk Carriers by 121.3% in the third quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock valued at $41,833,000 after acquiring an additional 2,361,428 shares during the last quarter. Marshall Wace LLP purchased a new position in Star Bulk Carriers in the second quarter valued at about $4,046,000. Caspian Capital LP boosted its stake in Star Bulk Carriers 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 acquiring an additional 306,341 shares during the last quarter. Leucadia National Corp boosted its stake in Star Bulk Carriers by 491.5% in the second quarter. Leucadia National Corp now owns 174,589 shares of the shipping company’s stock valued at $1,716,000 after acquiring an additional 145,073 shares during the last quarter. Finally, Oaktree Capital Management LP boosted its stake in Star Bulk Carriers by 0.4% in the third quarter. Oaktree Capital Management LP now owns 32,579,506 shares of the shipping company’s stock valued at $316,347,000 after acquiring an additional 140,000 shares during the last quarter. 70.43% of the stock is owned by institutional investors and hedge funds.

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About Star Bulk Carriers

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 (NASDAQ:SBLK)

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