
Star Bulk Carriers Corp. (SBLK) reported its Q3 earnings, revealing an adjusted EPS of $0.71 and a dividend of $0.60 per share. The company has 14 vessels dry docked and has $28.9 million remaining from a $50 million buyback program, with an average buyback price of $20.61 per share. SBLK shares are trading at $20.03 per share. The Capesize index showed mixed performance, dropping to 23,291 on November 19 but rebounding to 23,307 the following day. Capes averaged $28,792 per day. Jefferies has reiterated its buy rating for SBLK with a price target of $28. SBLK has a loan-to-value (LTV) ratio of 25% and $433 million of cash, with a market cap of $2.38 billion.
Why Jefferies just became more bullish on Meta's $META AI business https://t.co/aL8PoBRatO https://t.co/fZZh5Zf2oC
$SBLK weak post Q3. Highest divi of any dry bulk stock tho (unless $DSX keeps their 7.5 cents). https://t.co/abEL5fRO4G
Capesize seasonality (2015-2024) “You are here” $HSHP $GOGL 2020, etc. https://t.co/OLm7eGwjpc










