Eagle Bulk Shipping Inc. (NASDAQ:EGLE) CEO Gary Vogel sold 7,250 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $5.59, for a total value of $40,527.50. Following the completion of the transaction, the chief executive officer now owns 1,105,432 shares in the company, valued at $6,179,364.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Gary Vogel also recently made the following trade(s):
- On Tuesday, July 9th, Gary Vogel sold 32,120 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $5.65, for a total value of $181,478.00.
- On Tuesday, April 23rd, Gary Vogel sold 45,520 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $5.30, for a total value of $241,256.00.
Shares of Eagle Bulk Shipping stock opened at $5.65 on Friday. The firm has a market cap of $413.33 million, a P/E ratio of 37.67 and a beta of 1.29. Eagle Bulk Shipping Inc. has a 12 month low of $3.85 and a 12 month high of $6.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.30 and a quick ratio of 1.13. The business’s fifty day simple moving average is $4.99.
Eagle Bulk Shipping (NASDAQ:EGLE) last issued its quarterly earnings data on Tuesday, May 7th. The shipping company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. The business had revenue of $51.48 million for the quarter, compared to the consensus estimate of $47.72 million. Eagle Bulk Shipping had a return on equity of 2.25% and a net margin of 4.07%. Equities research analysts predict that Eagle Bulk Shipping Inc. will post 0.09 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of EGLE. BNP Paribas Arbitrage SA raised its stake in shares of Eagle Bulk Shipping by 465.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,943 shares of the shipping company’s stock valued at $46,000 after purchasing an additional 8,185 shares during the period. West Chester Capital Advisors Inc. acquired a new stake in shares of Eagle Bulk Shipping in the 1st quarter valued at about $47,000. Bank of New York Mellon Corp raised its stake in shares of Eagle Bulk Shipping by 7.6% in the 4th quarter. Bank of New York Mellon Corp now owns 187,576 shares of the shipping company’s stock valued at $864,000 after purchasing an additional 13,262 shares during the period. Mraz Amerine & Associates Inc. acquired a new stake in shares of Eagle Bulk Shipping in the 1st quarter valued at about $87,000. Finally, Rhumbline Advisers raised its stake in shares of Eagle Bulk Shipping by 42.7% in the 4th quarter. Rhumbline Advisers now owns 68,656 shares of the shipping company’s stock valued at $317,000 after purchasing an additional 20,557 shares during the period. 84.11% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on EGLE shares. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. Maxim Group set a $7.00 price objective on Eagle Bulk Shipping and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Eagle Bulk Shipping has a consensus rating of “Buy” and a consensus target price of $6.68.
Eagle Bulk Shipping Company Profile
Eagle Bulk Shipping, Inc is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer.
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