Nikolaos Karellis Buys Shares in Star Bulk Carriers Corp.
Insider Nikolaos Karellis acquired 7,580 shares of Star Bulk Carriers on June 12.
Key Points
- Nikolaos Karellis purchased 7,580 shares of Star Bulk Carriers Corp. (SBLK) on June 12, 2026.
- Star Bulk trades at $27.07 with a market cap of $3.02 billion and a P/E ratio of 21.66.
- Two Sigma Investments significantly increased its position in Star Bulk with an addition of 2,450,563 shares.
On June 12, 2026, Nikolaos Karellis purchased 7,580 shares of Star Bulk Carriers Corp. (NasdaqGS: SBLK). The transaction was not part of a pre-planned trading program and did not specify a transaction price.
Insider Buying and Selling at Star Bulk Carriers Corp.
Several insiders, including Nikolaos Karellis, made significant share purchases in Star Bulk Carriers on June 12. Norton Hamish, the President, acquired 35,800 shares, while Spyridon Capralos bought 19,500 shares. Additionally, Chief Operating Officer Nikolaos Reskos purchased 48,100 shares. Raffaele Zagari and Koert Erhardt also each bought 7,580 shares.
Other Institutional Activity in Star Bulk Carriers
Two Sigma Investments made a notable move by adding 2,450,563 shares to its holdings, resulting in a total of 3,012,963 shares valued at approximately $69.2 million. Renaissance Technologies also increased its stake by 237,248 shares, bringing its total to 2,067,637 shares, worth about $47.5 million. Victory Capital Management initiated a position with 1,920,289 shares valued at $44.1 million. Philosophy Capital Management boosted its holdings by 224,418 shares, totaling 1,874,418 shares worth $43.1 million. Goldman Sachs Group significantly increased its stake by 1,102,539 shares, ending with 1,737,933 shares valued at $39.9 million.
Star Bulk Carriers Stock Snapshot
Star Bulk Carriers Corp. shares traded around $27.07. The company has a market cap of roughly $3.02 billion and a P/E ratio of 21.66, with a forward P/E of 7.54. The stock's beta is 0.72, indicating lower volatility compared to the market. The 52-week range is between $16.21 and $28.50. Star Bulk's 50-day moving average is $25.95, and the 200-day moving average is $21.86.
Recent Earnings
Star Bulk reported revenue of approximately $1.09 billion, reflecting a growth rate of 21.9%. Its net margin stands at 13.01%, with a return on equity of 5.83%. The next earnings report is expected on August 5, 2026.
Dividend
Star Bulk Carriers pays an annual dividend 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 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., based in Marousi, Greece, is a global shipping company specializing in the ocean transport of dry bulk cargoes. It operates a fleet of 136 vessels, including various types such as Newcastlemax and Capesize, with capacities ranging from 55,569 to 209,537 deadweight tons. The company was founded in 2006 and employs approximately 294 people, with Mr. Petros Alexandros Pappas serving as CEO.
Bottom Line
Nikolaos Karellis's purchase of Star Bulk Carriers shares is part of a broader insider buying trend at the company. Investors often monitor such insider activities for potential insights into company prospects. It's important to remember that insider transactions are disclosed after the fact and may not reflect current holdings.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.