Hamish Norton Purchases Shares of Star Bulk Carriers Corp.
Star Bulk Carriers' President acquires 35,800 shares of SBLK.
Key Points
- Hamish Norton, President of Star Bulk Carriers, bought 35,800 shares on June 12, 2026.
- Star Bulk Carriers, trading at $27.07, has a market cap of $3.02 billion and a P/E ratio of 21.656.
- Two Sigma Investments increased its stake in Star Bulk by 2,450,563 shares, now holding over 3 million shares.
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On June 12, 2026, Hamish Norton, President of Star Bulk Carriers Corp., bought 35,800 shares of the company. This insider purchase comes as the stock trades at $27.07 on the NasdaqGS.
Insider Buying and Selling at Star Bulk Carriers Corp.
Hamish Norton's recent acquisition of 35,800 shares wasn't part of a pre-planned trading strategy, indicating his personal confidence in the company. On the selling side, Nikolaos Karellis sold 20,000 shares on June 11, 2026, at an average price of $26.96. Chief Operating Officer Nikolaos Reskos executed several planned sales in May and June, totaling 44,000 shares at prices between $26.49 and $28.49.
Other Institutional Activity in Star Bulk Carriers
Several institutional investors have been active in Star Bulk Carriers recently. Two Sigma Investments significantly boosted its position by adding 2,450,563 shares, bringing its total to over 3 million shares valued at approximately $69.2 million. Renaissance Technologies increased its holdings by 237,248 shares, ending with about 2.07 million shares worth $47.5 million. Victory Capital Management took a new position with 1,920,289 shares valued at $44.1 million. Philosophy Capital Management grew its stake by 224,418 shares to hold around 1.87 million shares, while Goldman Sachs Group increased its holdings by 1,102,539 shares, now owning about 1.74 million shares.
Star Bulk Carriers Corp. Stock Down 11.2%
Shares of NasdaqGS:SBLK are trading near $27.07. The company has a market cap of approximately $3.02 billion, with a P/E ratio of 21.656 and a forward P/E of 7.54. The stock has a 52-week low of $16.21 and a high of $28.50. Its 50-day moving average is $25.95, and the 200-day moving average is $21.86. Star Bulk Carriers has a current ratio of 1.73, a quick ratio of 1.38, and a debt-to-equity ratio of 45.11.
Recent Earnings
Star Bulk Carriers reported revenue of about $1.09 billion, with an impressive growth rate of 21.9%. The company achieved a net margin of 13% and a return on equity of 5.83%. Earnings per share stood at $1.25. The next earnings report is scheduled for August 5, 2026.
Dividend
Star Bulk Carriers offers an annual dividend rate of $1.03, yielding 3.8%. The dividend payout ratio is 46.4%.
Analysts Set New Price Targets
On May 29, 2026, Jefferies maintained its 'buy' rating for Star Bulk Carriers with a price target of $31. The consensus among analysts is a 'strong buy' with a mean target price of $30.98, based on five analyst opinions.
About Star Bulk Carriers Corp.
Star Bulk Carriers Corp. is a shipping company based in Marousi, Greece, specializing in the ocean transportation of dry bulk cargoes. The company owns and operates a fleet of 136 vessels, transporting commodities such as iron ore, minerals, grains, and steel products. Led by CEO Petros Alexandros Pappas, Star Bulk Carriers was founded in 2006 and employs 294 people.
Bottom Line
Hamish Norton's recent share purchase underscores his commitment to Star Bulk Carriers. With a strong institutional backing and positive analyst outlook, the company remains a focal point for investors. Keep in mind that insider transactions like Norton's are disclosed after the fact and may not reflect current positions.
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