Star Bulk Carriers Corp. (NASDAQ:SBLK) was the target of unusually large options trading on Monday. Stock traders purchased 4,693 call options on the company. This is an increase of approximately 3,402% compared to the typical daily volume of 134 call options.

Several institutional investors have recently made changes to their positions in the company. Neuberger Berman Group LLC boosted its holdings in shares of Star Bulk Carriers by 3.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 31,146 shares of the shipping company’s stock worth $306,000 after purchasing an additional 1,052 shares during the period. Westpac Banking Corp boosted its holdings in shares of Star Bulk Carriers by 13.8% in the 2nd quarter. Westpac Banking Corp now owns 31,820 shares of the shipping company’s stock worth $313,000 after purchasing an additional 3,859 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Star Bulk Carriers by 12.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 49,515 shares of the shipping company’s stock worth $487,000 after purchasing an additional 5,619 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Star Bulk Carriers by 65.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 18,577 shares of the shipping company’s stock worth $181,000 after purchasing an additional 7,373 shares during the period. Finally, Capital Fund Management S.A. purchased a new position in shares of Star Bulk Carriers in the 2nd quarter worth approximately $103,000. Hedge funds and other institutional investors own 70.43% of the company’s stock.

Star Bulk Carriers (NASDAQ SBLK) opened at $10.68 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 6.93 and a current ratio of 6.93. Star Bulk Carriers has a 1-year low of $4.63 and a 1-year high of $13.40.

SBLK has been the topic of a number of research reports. TheStreet raised Star Bulk Carriers from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. BidaskClub raised Star Bulk Carriers from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. Pareto Securities raised Star Bulk Carriers from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Zacks Investment Research downgraded Star Bulk Carriers from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Star Bulk Carriers in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Star Bulk Carriers presently has an average rating of “Buy” and an average target price of $13.00.

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Star Bulk Carriers Company Profile

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).

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