Star Bulk Carriers Corp. (NASDAQ:SBLK) was the target of unusually large options trading activity on Wednesday. Traders purchased 1,197 put options on the company. This represents an increase of approximately 1,201% compared to the typical volume of 92 put options.

Star Bulk Carriers (NASDAQ SBLK) opened at $11.49 on Friday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.90. The firm has a market cap of $737.12, a PE ratio of -6.14 and a beta of 2.73. Star Bulk Carriers has a 1 year low of $7.57 and a 1 year high of $13.40.

Star Bulk Carriers (NASDAQ:SBLK) last issued its earnings results on Sunday, November 19th. The shipping company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Star Bulk Carriers had a negative net margin of 23.09% and a negative return on equity of 4.04%. sell-side analysts expect that Star Bulk Carriers will post -0.37 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the business. Oaktree Capital Management LP boosted its position in Star Bulk Carriers by 0.4% during the third quarter. Oaktree Capital Management LP now owns 32,579,506 shares of the shipping company’s stock worth $316,347,000 after purchasing an additional 140,000 shares during the period. Impala Asset Management LLC boosted its position in Star Bulk Carriers by 121.3% during the third quarter. Impala Asset Management LLC now owns 4,308,203 shares of the shipping company’s stock worth $41,833,000 after purchasing an additional 2,361,428 shares during the period. Caspian Capital LP boosted its position in Star Bulk Carriers by 10.7% during the second quarter. Caspian Capital LP now owns 3,167,787 shares of the shipping company’s stock worth $31,139,000 after purchasing an additional 306,341 shares during the period. Horseman Capital Management Ltd boosted its position in Star Bulk Carriers by 10.8% during the third quarter. Horseman Capital Management Ltd now owns 954,600 shares of the shipping company’s stock worth $9,269,000 after purchasing an additional 93,400 shares during the period. Finally, River & Mercantile Asset Management LLP boosted its position in Star Bulk Carriers by 5.7% during the third quarter. River & Mercantile Asset Management LLP now owns 315,819 shares of the shipping company’s stock worth $3,063,000 after purchasing an additional 17,000 shares during the period. Hedge funds and other institutional investors own 70.43% of the company’s stock.

A number of analysts recently issued reports on the stock. Jefferies Group assumed coverage on shares of Star Bulk Carriers in a report on Monday, December 18th. They set a “buy” rating and a $15.00 price objective for the company. Stifel Nicolaus set a $11.00 price objective on shares of Star Bulk Carriers and gave the stock a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Star Bulk Carriers from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, TheStreet downgraded shares of Star Bulk Carriers from a “c” rating to a “d+” rating in a report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $13.00.

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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).

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