Star Bulk Carriers Corp. Stock News

Star Bulk Carriers' stock dropped 40% due to falling freight rates, but long-term tailwinds like a potential supply imbalance remain strong. The company benefited from high charter rates post-COVID, boosting EBITDA and margins, supporting generous dividends and buybacks. Chronic tailwinds such as limited new vessel supply, strong Chinese demand, and Middle East tensions could sustain higher fre...

ATHENS, Greece, Dec. 16, 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, today announced that the Company's Board further amended its dividend policy which was in place since 2021. Unless otherwise indicated or unless the context requires otherwise, all references in th...

Star Bulk Carriers, a leading dry bulk company, has a strong financial position and operational efficiency, bolstered by its merger with Eagle Bulk Shipping. Despite the recent share price drop, SBLK offers an extraordinary dividend yield, expected to stabilize around 9%, making it attractive for long-term holders. The share price is nearing a major support level, suggesting a new buying zone a...

Macro events surrounding the dry bulk industry remain mixed, albeit improved compared to pre-pandemic periods, with it already triggering higher contracted TCE rates for SBLK. These have directly contributed to the company's robust FQ3'24 performance, healthier balance sheet, and richer dividend yields compared to historical levels. If anything, market players remain cautiously optimistic about...

Plenty of vertical industries will see increases in volatility when and if oil prices begin to move away from the cyclical lows they currently trade at. While some investors might see volatility as potentially dangerous, those who have been in the stock market long enough understand that volatility allows money to be made as long as the original idea behind a trade is sound enough.

We initiated our position in Star Bulk Carriers Corp. in October 2022 due to strong fundamentals, good management, and shareholder-friendly practices. Star Bulk's Q3 revenue was $344 million, slightly down from Q2, with synergy savings from the Eagle Bulk merger totaling $9.2 million over two quarters. SBLK's debt per vessel is manageable, dividend yield is 13.2%, and P/B ratio is 0.84, making ...

Star Bulk Carriers Corp. (NASDAQ:SBLK ) Q3 2024 Earnings Conference Call November 20, 2024 11:00 AM ET Company Participants Petros Pappas - Chief Executive Officer Hamish Norton - President Simos Spyrou - Co-Chief Financial Officer Christos Begleris - Co-Chief Financial Officer Nicos Rescos - Chief Operating Officer Charis Plakantonaki - Chief Strategy Officer Conference Call Participants Omar ...

ATHENS, Greece, Nov. 19, 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, today announced its unaudited financial and operating results for the third quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press releas...