SBLK · NASDAQ · Marine Shipping

Star Bulk Carriers (SBLK)

Owns and operates a global dry-bulk fleet across seven ship classes.

$31.11
vs last close−0.62 (−1.96%)
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Star Bulk Carriers Corp.SBLK
Industrials

Owns and operates dry-bulk vessels globally across seven ship classes. Fleet management combines in-house management entities with certain third-party managers.

Owns and operates a global fleet of dry-bulk vessels across seven ship classes. The company’s fleet has been enlarged through multi-vessel transactions involving Oceanbulk, Songa Bulk and Eagle Bulk. These transactions form the documented basis for its acquisition-led history.

Day-to-day fleet management is performed through named in-house management entities and certain third-party managers. The latest audited baseline reported 136 dry-bulk vessels owned by the company. Executive offices are in Maroussi, Athens, Greece, while the company is incorporated in the Marshall Islands. Common shares have traded on the Nasdaq Global Select Market since December 2007.

Company facts

CEOPetros Alexandros Pappas
ListedDec 3, 2007
ExchangeNASDAQ
HeadquartersMarousi, Greece
CountryGreece
Employees294
CIK0001386716
ISINMHY8162K2046

Market cap$3.54B
EPS (ttm)$2.55
P/E (ttm)12.44
ROE11.7%
P/B1.41
P/S2.94
Dividend yieldDiv yield5.92%
Beta0.73vs XLI 0.08

Price target$31.50−0.7%Average of 24 analysts
ConsensusBuy14 of 24 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
May 28, 2026JefferiesTarget
Target: $29
Target: $31
May 22, 2026Deutsche BankTarget
Target: $26
Target: $32
Apr 24, 2026JefferiesTarget
Target: $24
Target: $29
Oct 23, 2024StifelDowngrade
Rating: Buy
Rating: Hold

Next report
Nov 18, 26
in 57 days
EPS estimate
$1.21
Revenue estimate
$317.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.34−$0.07$0.11$0.28$0.65$0.56$1.21Pending
Estimate$0.42−$0.23$0.03$0.33$0.60$0.48$0.95$1.21
Surprise−19.0%+69.6%+266.7%−15.3%+8.2%+17.9%+27.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$216.8M$159.3M$176.1M$202.3M$230.8M$214.1M$284.6MPending
Estimate$237.4M$173.3M$196.8M$230.3M$260.9M$225.9M$284.3M$317.1M
Surprise−8.7%−8.1%−10.5%−12.2%−11.5%−5.2%+0.1%
Estimate$1.21
ReportedDue Nov 18, 2026
Estimate$317.1M
ReportedDue Nov 18, 2026
View details

Debt to equity46.90%
Current ratio191.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$344.3M$308.9M$230.7M$247.4M$263.9M$300.6M$281.2M$357.4M
Net income$81.3M$42.4M$462.0K$39.0K$18.5M$65.2M$58.5M$144.9M
Net margin23.6%13.7%0.2%0.0%7.0%21.7%20.8%40.6%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$98.9M$62.2M$15.1M$13.2M$31.8M$81.7M$73.0M$155.0M
YoY growth+58.5%+5.0%−84.0%−89.6%−67.8%+31.2%+384.6%+1,071.3%

Balance sheet, Jun 30, 2026Cash & short-term investments $565.1M · Total debt $1.18B · Total assets $3.85B · Shareholders' equity $2.51B

Revenue
$357.4M
Operating income
$155.0M
Net income
$144.9M
View details

Dividend yield
5.92%
Next ex-date
Nov 21, 26
estimated · in 60 days
Annual dividend
$1.88
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Dec '24Mar '25Jun '25Aug '25Dec '25Mar '26Jun '26Aug '26
Dividend$0.60$0.09$0.05$0.05$0.11$0.37$0.50$0.90
Annual yield15.17%13.79%8.63%4.16%1.47%2.45%3.79%6.16%
Ex-dateDec 5Mar 4Jun 6Aug 28Dec 5Mar 9Jun 12Aug 21
Payment dateDec 18Mar 18Jun 20Sep 10Dec 18Mar 19Jun 22Sep 3
View details

Institutions≈ 35.14%39.86M ADS
218 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders12.46%14.13M ADS
17 holders · as of Sep 22, 2026
Strategic holders7.94%9.01M ADS
2 holders · as of May 9, 2025
Other≈ 44.46%50.43M ADS
remainder

113.42M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
AllianceBernstein L.P.Insider
5.71%6.48Mfiled Feb 13, 2023
Danaos CorporationStrategic
5.41%6.13Mfiled May 9, 2025
Two Sigma Investments, LPInstitution
3.11%3.53M ADSas of Jun 30, 2026
Milena Maria PappaInsiderdirector
2.79%3.17M ordinaryfiled Sep 17, 2026
OCM Opps EB Holdings, Ltd.Strategic
2.54%2.88Mfiled Apr 12, 2024

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 18, 2026Mahesh Balakrishnandirector−10,000$32.34
Sep 21, 2026Eleni Vrettoudirector−3,500$32.12
Sep 15, 2026Raffaele Zagaridirector+60,000$28.27
Sep 15, 2026Charis Plakantonakiofficer: Chief Strategy Officer+3,000$28.27
Sep 15, 2026Milena Maria Pappadirector+74,400$28.27
View details

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