Royce & Associates LP grew its position in Star Bulk Carriers Corp. (NASDAQ:SBLK) by 21.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,000 shares of the shipping company’s stock after buying an additional 36,000 shares during the quarter. Royce & Associates LP owned 0.33% of Star Bulk Carriers Corp. worth $1,995,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of 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. Impala Asset Management LLC purchased a new position in shares of Star Bulk Carriers Corp. in the first quarter valued at $6,639,000. Marshall Wace LLP purchased a new position in shares of Star Bulk Carriers Corp. in the second quarter valued at $4,046,000. Driehaus Capital Management LLC increased its position in shares of Star Bulk Carriers Corp. by 1,531.7% in the first quarter. Driehaus Capital Management LLC now owns 213,750 shares of the shipping company’s stock valued at $2,539,000 after buying an additional 200,650 shares in the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new position in shares of Star Bulk Carriers Corp. in the first quarter valued at $2,247,000. Institutional investors and hedge funds own 75.03% of the company’s stock.

Shares of Star Bulk Carriers Corp. (NASDAQ SBLK) opened at 10.71 on Thursday. Star Bulk Carriers Corp. has a 1-year low of $4.04 and a 1-year high of $13.40. The company’s 50 day moving average price is $10.75 and its 200-day moving average price is $9.89. The firm’s market cap is $678.33 million.

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A number of brokerages have recently weighed in on SBLK. Pareto Securities upgraded Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. BidaskClub raised Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. TheStreet raised Star Bulk Carriers Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered Star Bulk Carriers Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 26th. Finally, Stifel Nicolaus set a $11.00 price objective on Star Bulk Carriers Corp. and gave the company a “hold” rating in a research note on Sunday, May 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $12.50.

Star Bulk Carriers Corp. 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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Institutional Ownership by Quarter for Star Bulk Carriers Corp. (NASDAQ:SBLK)

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