Core Viewpoint - Star Bulk Carriers Corp. reported strong financial results for the third quarter of 2024, with significant increases in revenues, net income, and operational cash flow, reflecting improved market conditions and effective fleet management strategies [1][4][22]. Financial Performance - Voyage revenues for Q3 2024 reached $344.3 million, up from $223.1 million in Q3 2023, marking a 54.4% increase [24]. - Net income for Q3 2024 was $81.3 million, compared to $43.7 million in Q3 2023, representing an 86.1% increase [22]. - Adjusted net income for Q3 2024 was $82.7 million, up from $33.1 million in Q3 2023, indicating a 149.5% increase [22]. - EBITDA for Q3 2024 was $143.4 million, compared to $96.9 million in Q3 2023, reflecting a 48.0% increase [23]. - Earnings per share (EPS) for Q3 2024 were $0.69 diluted, compared to $0.45 diluted in Q3 2023, a 53.3% increase [36]. Operational Highlights - The average number of vessels increased to 155.3 in Q3 2024 from 121.5 in Q3 2023, contributing to higher revenues [24]. - The Time Charter Equivalent (TCE) rate for Q3 2024 was $18,843 per day, up from $15,068 per day in Q3 2023, indicating stronger market conditions [24]. - Daily operating expenses per vessel increased to $5,287 in Q3 2024 from $4,914 in Q3 2023, primarily due to the acquisition of the Eagle fleet [26]. Dividend and Share Repurchase - The Board of Directors declared a quarterly cash dividend of $0.60 per share, payable on December 18, 2024, to shareholders of record as of December 5, 2024 [8]. - In September 2024, the company repurchased 933,004 common shares at an average price of $20.61 per share, totaling $19.23 million [9]. Fleet and Market Outlook - The company remains optimistic about the medium-term prospects of the dry bulk market, citing favorable supply dynamics and recent economic stimulus measures from the Chinese government [8]. - The company has strengthened its financial position by reducing net debt per vessel by 53% since the beginning of 2021 [5]. Financing Activities - A new $130 million debt facility has been approved to finance the delivery of five new eco Kamsarmax vessels, with competitive terms secured [7][17]. - The company has made significant debt prepayments, including approximately $16.47 million related to recent vessel sales [13].

Core Insights - Star Bulk Carriers Corp. has published its 2023 Environmental, Social, and Governance (ESG) Report, marking the sixth annual publication of such reports by the company [1][3]. ESG Report Overview - The 2023 ESG Report adheres to Global Reporting Initiative (GRI 2021) standards and Sustainability Accounting Standards Board (SASB) for Marine Transportation (2018), aligning with the United Nations' Sustainable Development Goals (SDGs) [2]. - The report includes specific GRI disclosures and SASB indicators that have received limited assurance from Ernst & Young (Hellas) Certified Auditors Accountants S.A. [2]. Sustainability Strategy and Performance - The report provides a comprehensive overview of the company's sustainability strategy, performance, and targets, guided by its ESG Committee [3]. - It highlights progress toward long-term ESG goals and includes detailed performance data through sustainability-related Key Performance Indicators (KPIs) [4]. Commitment to Sustainability - The company emphasizes its dedication to mitigating environmental impact, promoting social responsibility, and upholding high standards of corporate governance [4]. - CEO Petros Pappas stated the company's commitment to growing its fleet and operations while caring for human welfare and the environment, aiming for a more sustainable future for the industry [5]. Company Profile - Star Bulk is a global shipping company specializing in dry bulk transportation, with a fleet of 151 owned vessels and an aggregate capacity of 14.6 million deadweight tons (dwt) [5]. - The vessels transport major bulks such as iron ore, minerals, and grain, as well as minor bulks including bauxite, fertilizers, and steel products [5].

Core Insights - Blue Star Foods Corp has signed a Vendor Agreement with LowTide, LLC to expand its portfolio in the retail, food service, and hospitality sectors [1][2] - The collaboration aims to deliver high-quality, sustainably sourced gourmet products, leveraging Blue Star's seafood production experience and LowTide's culinary expertise [2][5] Company Overview - Blue Star Foods Corp is an integrated ESG sustainable seafood company focused on Recirculatory Aquaculture Systems (RAS), processing, packaging, and selling high-value seafood products [6] - The company operates the oldest continuously running RAS full grow-out salmon farm in North America, emphasizing resource sustainability and traceability [6] Product Development - The partnership will focus on the development and nationwide distribution of two brand lines: Wicked Tuna Seafood and Toby Keith's Premium, enhancing Blue Star's sales and meeting consumer expectations [1][3] - Wicked Tuna Seafood is known for its commitment to authenticity and quality, inspired by the television series, while Toby Keith's Premium products promise 100% USA-sourced food [4][5] Strategic Goals - The collaboration is expected to strengthen Blue Star Foods' position in the seafood and gourmet meal market segments, facilitating growth and innovation [5] - Both companies aim to create a unique, high-quality meal portfolio that resonates with modern consumer preferences [5]

Investment Approach - The Liberty All-Star Growth Fund, Inc. employs an all-cap growth investment style, utilizing three distinct growth style investment managers focusing on small-, mid-, and large-cap companies [1]. Investment Managers - The fund's investment managers include Weatherbie Capital, LLC for small-cap growth, Congress Asset Management Company, LLP for mid-cap growth, and Westfield Capital Management Company, L.P. for large-cap growth [2]. Top Holdings - The top 20 holdings represent 38.4% of the equity portfolio, with NVIDIA Corp. at 4.0%, Apple, Inc. at 3.1%, and Microsoft Corp. at 2.9% [2]. Monthly Performance - The net asset value (NAV) at the beginning of October was $6.03, decreasing to $5.96 by the end of the month, reflecting a performance decline of -1.16% for the month [3]. - The market price also decreased from $5.61 to $5.56, resulting in a performance decline of -0.89% for the month [3]. - Year-to-date performance shows an increase of 10.60% in NAV and 12.36% in market price [3]. Net Assets and Investment Allocation - Total net assets at month-end were $361.4 million, with $352.4 million invested in equities, indicating a 97.5% investment rate [4]. - The sector breakdown of the equity portfolio includes 29.3% in Information Technology, 17.4% in Health Care, and 17.3% in Industrials [4]. New and Liquidated Holdings - New holdings added during the month include Eli Lilly & Co. and MarketAxess Holdings, Inc. [4]. - Holdings liquidated include Avery Dennison Corp., Charles River Laboratories International, Inc., CoStar Group, Inc., and Ulta Beauty, Inc. [5].

NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Color Star Technology Co., Ltd. (Nasdaq: ADD) (“Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announced today that it will effect a 100-for-1 reverse share split of its Class A and Class B ordinary shares. The Company anticipates that the reverse share split will be effective upon the commencement of trading on the Nas ...

'Step Into Your Gift' highlights top styles from Nike, adidas, New Balance, PUMA, UGG, and moreNEW YORK, Nov. 13, 2024 /PRNewswire/ -- Foot Locker (NYSE: FL) today unveiled its 2024 multi-brand holiday campaign, Step Into Your Gift, just in time for the season of gifting. Featuring a star-studded lineup, the campaign highlights NBA athletes Anthony Edwards (adidas) and LaMelo Ball (PUMA), Grammy-nominated artist Coi Leray (adidas), and leading style influencers alongside Foot Locker's iconic Stripers. Each ...

ANKARA, TURKIYE - NOVEMBER 12: Cybertruck, the battery electric pickup truck of American electric ... [+] car manufacturer Tesla, is displayed at a shopping center in Ankara, Turkiye on November 12, 2024. (Photo by Osmancan Gurdogan/Anadolu via Getty Images)Anadolu via Getty ImagesTesla stock gained 9% in Monday’s trading, closing at about $350 per share. The stock has been up almost 40% since November 5th, the day of the presidential election. Tesla stock now trades at levels last seen around early 2022 an ...

Core Insights - AYR Wellness Inc. has been conditionally awarded a vertically integrated medical cannabis "Registered Organization" license by New York State through its partnership with Amethyst Health [1][3] - Amethyst Health is majority-owned by Black Star Wellness, with AYR serving as an operational partner and minority owner [2] Group 1 - The conditional license allows AYR to enter the New York cannabis market, which is expected to grow significantly [1][3] - AYR operates over 90 licensed dispensaries and is committed to delivering high-quality cannabis products [5]

OLD GREENWICH, Conn., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP), (“Star Equity” or the “Company”), a diversified holding company, announced today that it will release its financial results for the third quarter ended September 30, 2024, before the market opens on Tuesday, November 19, 2024. A conference call is scheduled for 10:00 a.m. ET (7:00 a.m. PT) on November 19, 2024, to discuss the results and management’s outlook. The call may be accessed by dialing: Toll Fr ...

Star Bulk Carriers (SBLK) is scheduled to report third-quarter 2024 results on Nov. 19, after market close.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for the to-be-reported quarter’s earnings and revenues is pegged at 71 cents per share and $342.3 million, respectively.The earnings estimate for the to-be-reported quarter has declined 2.7% in the past 60 days. The bottom-line projection indicates year-over-year growth of 108.8%. The Zacks Consensus Est ...