EGLE Stock Recent News

Investors may keep a tab on stocks like KAI, ROST, WM, EGLE and DELL, which have lately hiked their dividend payments.

A ship owned by Connecticut-based Eagle Bulk was hit by a missile off the coast of Yemen on Monday, according to the dry bulk vessel operator, amid escalating strikes on commercial shipping lanes conducted by Houthi rebels, who have not claimed responsibility for Monday's attack.

Danaos' strategic investment in Eagle Bulk, initially met with skepticism, has proven highly profitable. Eagle Bulk's merger with Star Bulk Carriers and a surge in dry bulk rates amid the Red Sea blockade have contributed to Danaos' share price rally. Still, significant upside prospects remain from Danaos' core investment case alone.

I recently read about Eagle Bulk Shipping Inc.'s (EGLE, Financial) announced acquisition by Star Bulk Carrier's Corp. (SBLK, Financial) in an all-stock merger with a market capitalization of $2.1 billion. Petros Pappas, Star's CEO, will retain his leadership role and Eagle management will assume supporting roles.

It's been a rough year for Eagle Bulk Shipping stock in 2023, but it's ending on a high note with a merger and a big jump in stock price. Actually, it's more than a merger -- it's a buyout of Eagle by its rival, Star Bulk Shipping.

Eagle Bulk Shipping (NYSE: EGLE ) stock is on the rise Tuesday after the company announced a merger agreement with Star Bulk Carriers (NASDAQ: SBLK ). That deal will have holders of EGLE stock receive 2.6211 shares of of SBLK stock for each share that they own.

Eagle Bulk Shipping (EGLE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Shares of dry bulk transporter Eagle Bulk Shipping Inc. are the subject of considerable intrigue, after 28% were repurchased at a 19% premium to their prior close on June 22nd. The move was to fend off a potential hostile takeover from container shipping concern Danaos Corporation after it had been revealed that it had acquired a 10% stake (now 16.7%). With Eagle's stock $17 per share lower than the price it paid to (then largest stakeholder) Oaktree Capital, the recently instituted poison pill to fend off Danaos merited further investigation.

Eagle Bulk is a US-based dry bulk ship owner with a fleet of 52 modern vessels. The company is a dividend stock with a reasonable valuation, but carries risks related to its debt. The development of the dry bulk freight rates imposes challenge in the future.

Eagle Bulk Shipping Inc. (NYSE:EGLE ) Q2 2023 Earnings Conference Call August 4, 2023 8:00 AM ET Company Participants Gary Vogel - CEO Costa Tsoutsoplides - CFO Conference Call Participants Omar Nokta - Jefferies Greg Lewis - BTIG Liam Burke - B. Riley Financial Poe Fratt - Alliance Global Partners Operator Good day, and welcome to Eagle Bulk's Second Quarter 2023 Earnings Call.