SBLK Stock Recent News
SBLK LATEST HEADLINES
The latest trading day saw Star Bulk Carriers (SBLK) settling at $14.68, representing no change from its previous close.
Zacks.com users have recently been watching Star Bulk Carriers (SBLK) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the closing of the recent trading day, Star Bulk Carriers (SBLK) stood at $15.13, denoting a -0.33% change from the preceding trading day.
In the latest trading session, Star Bulk Carriers (SBLK) closed at $15.18, marking a -0.46% move from the previous day.
Star Bulk Carriers: Lower Dividends On The Horizon
Shipping expert J Mintzmyer highlights International Seaways as the top tanker pick and Star Bulk Carriers as the top dry bulk stock for 2025. Shipping offers niche advantages, avoiding competition with major institutions, and can yield outsized returns with proper strategy and understanding of supply-demand dynamics.
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Star Bulk Carriers (SBLK) concluded the recent trading session at $19.88, signifying a -0.23% move from its prior day's close.
Star Bulk Carriers owns a large, diversified fleet of 159 vessels, with 97% equipped with scrubbers. SBLK reported strong 2Q24 results with a 47% YoY revenue increase, a 127% net profit growth, and a $0.70/share dividend, yielding 9.79%. The Eagle Bulk merger improved cost structure, reducing crew management costs by $600/day, and enhancing operational efficiency despite an older fleet.
In late 2023, many analysts called for 2024 to be the year of a small-cap stock renaissance. These stocks were battered as the Federal Reserve aggressively raised interest rates.