Raffaele Zagari Acquires Shares in Star Bulk Carriers

Raffaele Zagari, an insider at Star Bulk Carriers Corp., recently purchased 7,580 shares of the company on June 12, 2026. This acquisition did not involve a planned transaction and occurred at a price of $0.0 per share, as per the filing. Star Bulk Carriers trades on the NasdaqGS under the ticker SBLK, with shares recently priced at $27.07.

Insider Buying and Selling at Star Bulk Carriers Corp.

Several insiders at Star Bulk Carriers made notable purchases on June 12, 2026. Norton Hamish, the President, acquired 35,800 shares, while Nikolaos Reskos, the Chief Operating Officer, bought 48,100 shares. Additionally, Spyridon Capralos purchased 19,500 shares. Other insiders, including Koert Erhardt and Nikolaos Karellis, each acquired 7,580 shares alongside Zagari.

Other Institutional Activity in Star Bulk Carriers

Two Sigma Investments significantly increased its stake in Star Bulk Carriers, adding 2,450,563 shares to hold a total of 3,012,963 shares valued at about $69.21 million. Goldman Sachs Group also expanded its position, acquiring 1,102,539 additional shares for a total of 1,737,933 shares worth approximately $39.92 million. Renaissance Technologies added 237,248 shares, bringing its total to 2,067,637 shares valued at $47.49 million. Meanwhile, Philosophy Capital Management grew its holdings by 224,418 shares to a total of 1,874,418 shares, valued at $43.06 million.

Star Bulk Carriers Stock Snapshot

Shares of NasdaqGS:SBLK traded around $27.07. The company has a market capitalization of approximately $3.02 billion and a P/E ratio of 21.66, with a forward P/E of 7.54. Its beta is 0.722, indicating lower volatility compared to the market. Over the past 52 weeks, the stock has ranged from $16.21 to $28.50, with a 50-day moving average of $25.95 and a 200-day moving average of $21.86. Star Bulk Carriers maintains a current ratio of 1.73 and a quick ratio of 1.38, with a debt-to-equity ratio of 45.11.

Recent Earnings

Star Bulk Carriers reported revenue of approximately $1.09 billion, with a revenue growth rate of 21.9%. The company's net margin stands at 13.01%, and it has a return on equity of 5.83%. Earnings per share were reported at $1.25. The next earnings announcement is expected on August 5, 2026.

Dividend

Star Bulk Carriers offers a dividend rate of $1.03 per share, yielding 3.8%. The dividend payout ratio is 46.4%, reflecting the portion of earnings distributed to shareholders.

Analysts Set New Price Targets

On May 29, 2026, Jefferies maintained its 'buy' rating for Star Bulk Carriers, setting a price target of $31. The consensus among analysts is a 'strong buy', with a mean target price of $30.98 based on five analyst opinions.

About Star Bulk Carriers

Star Bulk Carriers Corp. is a global shipping company headquartered in Marousi, Greece. It focuses on transporting dry bulk cargoes such as iron ores, minerals, and grains. The company operates a fleet of 136 vessels, including various types of large bulk carriers. Led by CEO Mr. Petros Alexandros Pappas, the firm employs approximately 294 people.

Bottom Line

Raffaele Zagari's recent share purchase reflects ongoing insider interest in Star Bulk Carriers. Investors often track such transactions to gauge insider sentiment, though these actions are not predictive of future stock performance. Star Bulk Carriers continues to be a key player in the marine shipping industry, with institutional investors like Two Sigma Investments and Goldman Sachs Group actively adjusting their stakes.