Star Bulk Carriers (SBLK) closed the most recent trading day at $20.64, moving -1.95% from the previous trading session. This change lagged the S&P 500's daily gain of 0.77%. Meanwhile, the Dow gained 0.47%, and the Nasdaq, a tech-heavy index, added 0.87%.Prior to today's trading, shares of the shipping company had gained 1.2% over the past month. This has lagged the Transportation sector's gain of 4.64% and the S&P 500's gain of 4.87% in that time.Market participants will be closely following the financial ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Star Bulk Carriers (SBLK) .Star Bulk Carriers currently has an average brokerage recommendation ...

The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $21.66, reflecting a +0.32% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.15%, while the tech-heavy Nasdaq appreciated by 0.15%.Shares of the shipping company have appreciated by 1.7% over the course of the past month, underperforming the Transportation sector's gain of 3.79% and the S&P 500's gain of 2%.Investors will be eagerly watc ...

The most recent trading session ended with Star Bulk Carriers (SBLK) standing at $21.08, reflecting a -0.47% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.03%. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.2%.Heading into today, shares of the shipping company had lost 0.84% over the past month, lagging the Transportation sector's gain of 3.7% and the S&P 500's gain of 1.54% in that time.Investors wi ...

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.In the U.S., the lead-up to the 2024 presidential election has brought renewed discussion of tariffs. These taxes on imported or exported goods also play an important role in the shipping industry as well, potentially increasing shipping costs, affecting rou ...

Financial Data and Key Metrics Changes - The company reported a net income of $106 million with an adjusted net income of $89 million, translating to $0.81 per share adjusted earnings [4] - Adjusted EBITDA for the quarter was $153 million [4] - Total liquidity stands at $516 million, while total debt is $1.38 billion [4] - The time charter equivalent (TCE) rate was $19,268 per vessel per day, with combined daily operating expenses and net cash G&A expenses at $6,690 per vessel per day [5] - The average net debt per vessel has decreased from $11 million to $6 million since 2021, representing a 34% reduction in leverage [7][8] Business Line Data and Key Metrics Changes - The Eagle Bulk transaction was completed on April 9, contributing 83 days of operations during the second quarter [5] - The company sold 10 vessels in 2024 for total gross proceeds of $180 million, with two vessels expected to be delivered to new owners in Q3 [6] Market Data and Key Metrics Changes - The dry bulk trade is projected to expand by 2.6% in tons and 4.4% in ton miles for 2024, with total dry-bulk volumes increasing by 5.8% year-over-year in the first half of 2024 [24] - Global GDP growth is projected at 3.2% for 2024, with China's GDP expected to grow by 5% [25] - Iron ore trade is expected to expand by 3.1% in tons during 2024, while coal trade is expected to marginally expand by 0.6% in tons [26][29] Company Strategy and Development Direction - The company is focused on integrating Eagle Bulk to leverage a strong global presence and improve operational efficiencies [9][10] - There is an emphasis on maintaining a diversified fleet and exploring potential merger opportunities to enhance growth [41] - The company aims to reduce its carbon footprint and comply with upcoming environmental regulations [18][30] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about the second half of 2024, citing ongoing geopolitical tensions and environmental regulations that will create market inefficiencies [35][36] - The expectation is for a decent market to persist, driven by strong exports and a slowdown in new building deliveries [36] - The company anticipates that the medium-term prospects for the industry remain favorable due to an aging fleet and rigorous environmental regulations [30] Other Important Information - The company has declared a dividend of $0.70 per share, payable on September 6, 2024, with total dividend distributions exceeding $1.25 billion since 2021 [4][8] - The company has completed 36 installations of energy-saving devices, with plans for 11 more by the end of the year [14] Q&A Session Summary Question: Impact of softer steel prices on dry bulk market - Management remains positive for the second half of 2024, citing ongoing geopolitical issues and environmental regulations as factors that will support market stability [35][36] Question: Performance of mid-size segments - Management noted that all vessel sizes are interconnected, and strong performance in larger vessels can positively influence mid-size segments [38][39] Question: Capital allocation and share buybacks - The company has recently completed significant share buybacks and is currently assessing its cash position before making further decisions [41] Question: Direction of secondhand asset values - Management indicated that ship values have stabilized and are expected to plateau unless there is a significant market shift [46][47]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 Commission File Number 001-33869 STAR BULK CARRIERS CORP. (Translation of registrant's name into English) Star Bulk Carriers Corp. c/o Star Bulk Management Inc. 40 Agiou Konstantinou Street, 15124 Maroussi, Athens, Greece (Address of principal executive offices) Indicate by check mark whether ...

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.27%. A quarter ago, it was expected that this shipping company would post earnings of $0.87 per share when it actually produced earnings of $0.87, delivering no surprise.Over the last four quarters, the compa ...

ATHENS, Greece, Aug. 07, 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 resignation of Mr. Sherman Lau, a Class B Director since May 2021. Ms. Milena Maria Pappas has been appointed by the Board, as Class B Director, to fill the seat made vacant by the resignation of Mr. Lau. The Board currently consists of ten directors. Petros Pappas, Chief Executive Officer of ...

ATHENS, Greece, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), today announced that all the 5% Convertible Senior Notes, issued in July 2019 by our wholly-owned subsidiary, Eagle Bulk Shipping Inc. ("Convertible Notes'') maturing on August 1, 2024, were converted into 5,971,290 newly issued shares of Star Bulk common stock, basis a conversion ratio of 86.0801 shares of Star Bulk common stock per $1,000 principal amount of Convertible Notes. According ...