Star Bulk Carriers Corp. (NASDAQ:SBLK) shares rose 1.8% during mid-day trading on Wednesday . The stock traded as high as $10.28 and last traded at $10.08. Approximately 433,891 shares were traded during mid-day trading, a decline of 25% from the average daily volume of 581,514 shares. The stock had previously closed at $10.26.

SBLK has been the subject of several recent analyst reports. 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. Pareto Securities raised shares of Star Bulk Carriers Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 8th. BidaskClub raised shares of Star Bulk Carriers Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 14th. Finally, TheStreet cut shares of Star Bulk Carriers Corp. from a “c” rating to a “d+” rating in a report on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Star Bulk Carriers Corp. currently has a consensus rating of “Buy” and a consensus target price of $12.50.

The firm’s 50-day moving average is $10.84 and its 200-day moving average is $9.92. The company’s market capitalization is $639.22 million.

A number of hedge funds have recently added to or reduced their stakes in SBLK. Capital Fund Management S.A. purchased a new position in Star Bulk Carriers Corp. during the 2nd quarter worth approximately $103,000. Dynamic Technology Lab Private Ltd purchased a new position in Star Bulk Carriers Corp. during the 2nd quarter worth approximately $110,000. Investment Centers of America Inc. purchased a new position in Star Bulk Carriers Corp. during the 1st quarter worth approximately $118,000. GLG Partners LP purchased a new position in Star Bulk Carriers Corp. during the 2nd quarter worth approximately $127,000. Finally, KCG Holdings Inc. purchased a new position in Star Bulk Carriers Corp. during the 1st quarter worth approximately $140,000. Institutional investors own 75.03% of the company’s stock.

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Star Bulk Carriers Corp. 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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