Insider Buying: Star Bulk Carriers (NASDAQ:SBLK) COO Buys $282,700.00 in Stock

Posted by Francis Steltz on Sep 17th, 2026

Star Bulk Carriers Corp. (NASDAQ:SBLK – Get Free Report) COO Nikolaos Rescos bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $28.27 per share, with a total value of $282,700.00. Following the completion of the purchase, the chief operating officer owned 410,875 shares in the company, valued at approximately $11,615,436.25. The trade was a 2.49% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Nikolaos Reskos also recently made the following trade(s):

On Thursday, August 6th, Nikolaos Rescos sold 5,000 shares of Star Bulk Carriers stock. The stock was sold at an average price of $29.50, for a total transaction of $147,500.00.
On Thursday, July 30th, Nikolaos Rescos sold 5,000 shares of Star Bulk Carriers stock. The shares were sold at an average price of $28.99, for a total transaction of $144,950.00.

Star Bulk Carriers Stock Down 1.1%

NASDAQ SBLK opened at $30.87 on Thursday. Star Bulk Carriers Corp. has a twelve month low of $16.72 and a twelve month high of $32.88. The stock has a market cap of $3.50 billion, a PE ratio of 12.11 and a beta of 0.70. The firm has a 50-day simple moving average of $29.05 and a 200 day simple moving average of $26.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.74 and a current ratio of 1.91.

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

Star Bulk Carriers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Friday, August 21st were issued a $0.90 dividend. This is a boost from Star Bulk Carriers’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, August 21st. This represents a $3.60 annualized dividend and a yield of 11.7%. Star Bulk Carriers’s payout ratio is presently 141.18%.

Key Stories Impacting Star Bulk Carriers

Here are the key news stories impacting Star Bulk Carriers this week:

Positive Sentiment: Company insiders purchased a combined 23,000 SBLK shares for approximately $650,000 at $28.27 per share. CFO Symeon Spyrou bought 15,000 shares, while directors Koert Erhardt and Nikolaos Karellis also increased their holdings. The purchases may signal that insiders view the stock as attractively valued. Insider buying report
Positive Sentiment: Zacks added Star Bulk Carriers to its Rank #1, or “Strong Buy,” list and its Strong Buy income-stock list. The coverage could attract additional momentum and dividend-focused investors, although it does not represent a change in the company’s operations. Zacks Strong Buy report
Neutral Sentiment: SBLK completed its Euronext Athens listing and designated Greece as its home member state under Greek securities law. The move may broaden access to Greek and European investors, but it has limited immediate impact on earnings or cash flow. Euronext listing announcement
Negative Sentiment: The follow-on public offering raised approximately €107.8 million. While the proceeds strengthen liquidity and could fund fleet investments or other corporate purposes, issuing additional shares can dilute existing shareholders and increase the stock’s supply—likely the main near-term overhang for SBLK. Greek offering results

Hedge Funds Weigh In On Star Bulk Carriers

Institutional investors have recently modified their holdings of the stock. Raiffeisen Bank International AG lifted its holdings in Star Bulk Carriers by 26.3% during the 2nd quarter. Raiffeisen Bank International AG now owns 66,429 shares of the shipping company’s stock worth $1,659,000 after buying an additional 13,851 shares in the last quarter. BTG Pactual Asset Management US LLC increased its stake in shares of Star Bulk Carriers by 3.9% in the 2nd quarter. BTG Pactual Asset Management US LLC now owns 53,570 shares of the shipping company’s stock valued at $1,338,000 after buying an additional 1,986 shares during the period. Headlands Technologies LLC raised its position in shares of Star Bulk Carriers by 0.8% during the second quarter. Headlands Technologies LLC now owns 66,333 shares of the shipping company’s stock worth $1,656,000 after acquiring an additional 518 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Star Bulk Carriers during the second quarter worth $1,371,000. Finally, Bank of America Corp DE raised its position in shares of Star Bulk Carriers by 48.5% during the first quarter. Bank of America Corp DE now owns 565,562 shares of the shipping company’s stock worth $12,991,000 after acquiring an additional 184,837 shares during the last quarter. 33.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SBLK has been the topic of several recent research reports. Zacks Research upgraded shares of Star Bulk Carriers from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Jefferies Financial Group increased their price objective on Star Bulk Carriers from $29.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $32.00 price objective on shares of Star Bulk Carriers in a report on Friday, May 22nd. Finally, Weiss Ratings upgraded shares of Star Bulk Carriers from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 27th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $31.50.

View Our Latest Research Report on Star Bulk Carriers

About Star Bulk Carriers

(Get Free Report)

Star Bulk Carriers Corp. is a global dry bulk shipping company that owns and operates vessels used to transport major and minor bulk commodities. Its fleet serves the international supply chains for iron ore, grain, bauxite, fertilizers, steel products and other dry cargoes.

The company operates a diversified fleet that includes large Capesize and Newcastlemax vessels as well as Panamax, Ultramax and Supramax bulk carriers. Star Bulk’s vessels serve customers and ports across major shipping routes worldwide, supporting commodity trade between producers, exporters and end markets.

Star Bulk Carriers was founded in 2006 and is headquartered in Maroussi, Greece, with the company incorporated in the Marshall Islands.