Pappa Milena Maria Acquires Star Bulk Carriers Shares
Insider buys 7,580 shares of Star Bulk Carriers, reflecting confidence in the company.
Key Points
- Pappa Milena Maria purchased 7,580 shares of Star Bulk Carriers on June 12, 2026, with no transaction value disclosed.
- 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 significantly increased its position in Star Bulk Carriers, adding 2,450,563 shares.
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Pappa Milena Maria purchased 7,580 shares of Star Bulk Carriers Corp. (NasdaqGS: SBLK) on June 12, 2026. The transaction did not disclose a purchase price or total value, but it indicates a level of confidence in the company's prospects.
Insider Buying and Selling at Star Bulk Carriers Corp.
On June 12, 2026, several insiders at Star Bulk Carriers Corp. made notable purchases. Norton Hamish, the President, acquired 35,800 shares. Other insiders, including Spyridon Capralos and Nikolaos Reskos, also made significant buys, with Reskos, who is the Chief Operating Officer, purchasing 48,100 shares.
Other Institutional Activity in Star Bulk Carriers
Two Sigma Investments made a substantial move by increasing its holdings in Star Bulk Carriers by 2,450,563 shares, bringing its total to 3,012,963 shares worth about $69.2 million. Renaissance Technologies added 237,248 shares, ending with 2,067,637 shares valued at approximately $47.5 million. Victory Capital Management took a new position with 1,920,289 shares worth about $44.1 million. Goldman Sachs Group also boosted its stake by 1,102,539 shares, totaling 1,737,933 shares valued at $39.9 million.
Star Bulk Carriers Corp. Stock Down 11.2%
Shares of Star Bulk Carriers Corp. are trading around $27.07. The company has a market cap of approximately $3.02 billion and a P/E ratio of 21.656, with a forward P/E of 7.54. Its beta is 0.722, indicating lower volatility compared to the market. Over the past year, the stock has ranged from $16.21 to $28.50, with moving averages of $25.95 (50-day) and $21.86 (200-day). The company maintains a current ratio of 1.728 and a quick ratio of 1.381, alongside a debt-to-equity ratio of 45.107.
Recent Earnings
Star Bulk Carriers reported revenue of about $1.09 billion, with a growth rate of 21.9%. The company achieved a net margin of 13% and a return on equity of 5.83%. Its earnings per share stood at $1.25. The next earnings report is expected on 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%, indicating a relatively balanced approach to rewarding shareholders while retaining earnings for growth.
Analysts Set New Price Targets
Jefferies maintained a 'buy' rating for Star Bulk Carriers on May 29, 2026, with a price target of $31. The consensus among analysts is a 'strong buy', with an average target price of $30.98 based on five analyst opinions.
About Star Bulk Carriers Corp.
Star Bulk Carriers Corp. is a global shipping company based in Marousi, Greece. It operates a fleet of 136 dry bulk vessels, transporting a variety of bulk commodities like iron ore, minerals, grains, and steel products. Led by CEO Mr. Petros Alexandros Pappas, the company has approximately 294 employees and continues to expand its operations in the marine shipping industry.
Bottom Line
Insider purchases at Star Bulk Carriers highlight a positive sentiment among company leaders. The stock's current trading metrics and institutional interest suggest that it remains a point of focus for investors. However, as with all 13F and insider data, these actions reflect past decisions and may not indicate future performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.