Star Bulk Carriers Corp. Stock News

Star Bulk Carriers owns a large, diversified fleet of 159 vessels, with 97% equipped with scrubbers. SBLK reported strong 2Q24 results with a 47% YoY revenue increase, a 127% net profit growth, and a $0.70/share dividend, yielding 9.79%. The Eagle Bulk merger improved cost structure, reducing crew management costs by $600/day, and enhancing operational efficiency despite an older fleet.

Following the Eagle merger, Star Bulk is now the leading dry bulk carrier sector fleet operator. Its improved performance over the past 3 years were driven by high freight rates. Despite declining freight rates, Star Bulk's strong track record in operating efficiencies and potential USD 50 million synergies from the merger present a significant investment opportunity. Apart from being financial...

In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates.

Value Investor's Edge Live continues with the latest episode focused on the dry bulk shipping sector. Star Bulk Carriers is the largest US-listed dry bulk owner, with a roughly $2.6B market capitalization.

The worldwide maritime shipping industry is essential to distributing goods, including raw materials, commodities, gasoline, and jet fuel. With an impact on a host of different industries, shipping is in many ways a bellwether for global economic health.

ATHENS, Greece, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the sale of the Capesize m/v Star Triumph, the oldest vessel of its fleet (2004 built), at a gross price of $20.0 million, with net proceeds (after repayment of associated debt) of...

I have a buy rating on Star Bulk Carriers due to its strong financial position, attractive valuation, and high dividend yield. Despite mixed quarterly results, SBLK's revenue growth and liquidity position make it well-positioned to weather potential macro and industry-specific volatility. Key risks include economic weakness in China and potential geopolitical conflicts, which could pressure shi...

One can find stocks with superior estimated total returns by comparing their return drivers – earnings growth, dividend yield and valuation - to historic trends. This article compares investing in the Magnificent Seven Stocks to high total return dividend value stocks. The best-balanced stocks provide potential returns three times that of the Magnificent Seven.