Raffaele Zagari Sells 50,000 Shares of Star Bulk Carriers (NASDAQ:SBLK) Stock

Posted by Geri Gentry on Aug 26th, 2026

Star Bulk Carriers Corp. (NASDAQ:SBLK – Get Free Report) Director Raffaele Zagari sold 50,000 shares of Star Bulk Carriers stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $31.20, for a total value of $1,560,000.00. Following the completion of the transaction, the director directly owned 1,903,000 shares of the company’s stock, valued at approximately $59,373,600. This represents a 2.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Star Bulk Carriers Stock Down 4.6%

SBLK stock traded down $1.42 during trading on Wednesday, hitting $29.69. 713,963 shares of the stock traded hands, compared to its average volume of 1,412,059. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.74. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 11.64 and a beta of 0.72. Star Bulk Carriers Corp. has a 1 year low of $16.72 and a 1 year high of $31.25. The firm’s 50 day moving average is $27.31 and its two-hundred day moving average is $25.80.

Star Bulk Carriers (NASDAQ:SBLK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.26. Star Bulk Carriers had a net margin of 23.87% and a return on equity of 11.72%. The firm had revenue of $284.60 million for the quarter, compared to the consensus estimate of $284.29 million. On average, sell-side analysts anticipate that Star Bulk Carriers Corp. will post 4.32 EPS for the current year.

Star Bulk Carriers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, August 21st. This is a positive change from Star Bulk Carriers’s previous quarterly dividend of $0.50. Star Bulk Carriers’s dividend payout ratio is 141.18%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SBLK shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $32.00 price target on shares of Star Bulk Carriers in a report on Friday, May 22nd. Weiss Ratings upgraded Star Bulk Carriers from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Jefferies Financial Group boosted their target price on Star Bulk Carriers from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Zacks Research upgraded shares of Star Bulk Carriers from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $31.50.

View Our Latest Report on Star Bulk Carriers

Institutional Investors Weigh In On Star Bulk Carriers

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its holdings in shares of Star Bulk Carriers by 94.3% during the 1st quarter. Royal Bank of Canada now owns 117,275 shares of the shipping company’s stock valued at $1,825,000 after buying an additional 56,930 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Star Bulk Carriers by 59.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,436 shares of the shipping company’s stock worth $20,204,000 after acquiring an additional 485,436 shares during the period. Geode Capital Management LLC increased its position in Star Bulk Carriers by 2.3% during the second quarter. Geode Capital Management LLC now owns 122,115 shares of the shipping company’s stock valued at $2,106,000 after acquiring an additional 2,748 shares during the last quarter. JPMorgan Chase & Co. increased its position in Star Bulk Carriers by 673.1% during the second quarter. JPMorgan Chase & Co. now owns 49,471 shares of the shipping company’s stock valued at $853,000 after acquiring an additional 43,072 shares during the last quarter. Finally, Norges Bank bought a new position in Star Bulk Carriers in the second quarter valued at about $1,444,000. Institutional investors own 33.91% of the company’s stock.

About Star Bulk Carriers

(Get Free Report)

Star Bulk Carriers Corp is a global shipping company engaged in the ocean transport of dry bulk commodities. The company owns and operates a diversified fleet of bulk carriers, including Handymax, Supramax, Panamax and Capesize vessels. Its ships are designed to carry a broad range of cargoes, such as iron ore, coal, grain, bauxite and phosphate, catering to industrial and agricultural customers worldwide.

The company’s vessels operate on major trade routes across the Atlantic, Pacific and Indian Oceans, connecting producers and consumers in Asia, Europe, North and South America.