Star Bulk Carriers
Owns and operates a global dry-bulk fleet across seven ship classes.
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Profile
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
Categories
Key statistics
Year to date +57.3% · Average volume (30d) 1.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 28, 2026 | Jefferies | Target | $29 | $31 | ||
| May 22, 2026 | Deutsche Bank | Target | $26 | $32 | ||
| Apr 24, 2026 | Jefferies | Target | $24 | $29 | ||
| Oct 23, 2024 | Stifel | Downgrade | Buy | Hold |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.95 | $1.21 | +27.0% | $284.3M | $284.6M | +0.1% | +2.25% |
| May 20, 2026Q1 FY26 | $0.48 | $0.56 | +17.9% | $225.9M | $214.1M | −5.2% | +0.86% |
| Feb 25, 2026Q4 FY25 | $0.60 | $0.65 | +8.2% | $260.9M | $230.8M | −11.5% | +0.40% |
| Nov 18, 2025Q3 FY25 | $0.33 | $0.28 | −15.3% | $230.3M | $263.9M | +14.6% | −1.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $230.7M | $247.4M | $263.9M | $300.6M | $281.2M | $357.4M | |
| Gross profit | $60.2M | $79.4M | $100.0M | $104.7M | $93.0M | $203.3M | |
| Operating income | $15.1M | $13.2M | $31.8M | $81.7M | $73.0M | $155.0M | |
| Net income | $462.0K | $39.0K | $18.5M | $65.2M | $58.5M | $144.9M | |
| Diluted EPS | $0.00 | $0.00 | $0.16 | $0.57 | $0.52 | $1.30 | |
| Gross margin | 26.1% | 32.1% | 37.9% | 34.8% | 33.1% | 56.9% | |
| Operating margin | 6.5% | 5.3% | 12.1% | 27.2% | 26.0% | 43.4% |
Fiscal years (4-quarter sums)FY21 $1.43B · FY22 $1.44B · FY23 $949.3M · FY24 $1.27B · FY25 $1.04B
Balance sheet, Jun 30, 2026Cash & short-term investments $565.1M · Total debt $1.18B · Total assets $3.85B · Shareholders' equity $2.51B
Dividends
Last raised to $0.90 from $0.50 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 21, 2026 | Aug 21 | Sep 3 | $0.90 | raised from $0.50 |
| Jun 12, 2026 | Jun 12 | Jun 22 | $0.50 | raised from $0.37 |
| Mar 9, 2026 | Mar 9 | Mar 19 | $0.37 | raised from $0.11 |
| Dec 5, 2025 | Dec 5 | Dec 18 | $0.11 | raised from $0.05 |
| Aug 28, 2025 | Aug 28 | Sep 10 | $0.05 | |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.05 | cut from $0.09 |
| Mar 4, 2025 | Mar 4 | Mar 18 | $0.09 | cut from $0.60 |
| Dec 5, 2024 | Dec 5 | Dec 18 | $0.60 | cut from $0.70 |
Ownership
Shares outstanding 111.53M · Float 84.67M · 75.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| C.K. Limited | 13.57M | 11.84% | 13D | Oct 6, 2025 |
| Danaos Corporation | 6.13M | 5.23% | 13G | May 9, 2025 |
| Two Sigma Investments, LP | 3.53M | 3.17% | 13F | Aug 14, 2026 |
| Milena Maria Pappa · director | 3.10M | 2.78% | Form 4 | Jun 16, 2026 |
| BlackRock, Inc. | 2.82M | 2.53% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Raffaele Zagari | director | −50,000 | $31.20 |
| Aug 24, 2026 | Raffaele Zagari | director | −50,000 | $30.70 |
| Aug 17, 2026 | Charis Plakantonaki | officer: Chief Strategy Officer | −10,825 | $29.82 |
| Aug 14, 2026 | Charis Plakantonaki | officer: Chief Strategy Officer | −10,825 | $28.95 |
| Aug 6, 2026 | Nikolaos Reskos | officer: Chief Operating Officer | −5,000 | $29.50 |
Peers
- CMB.TECH (ADR)
Diversified maritime group with a post-Golden Ocean dry-bulk fleet
- Navios Maritime Partners
Dry-bulk fleet operator with NYSE-listed common units
- Diana Shipping
Global dry-bulk owner and bareboat charterer
- Safe Bulkers
Dry-bulk carrier with NYSE-listed common shares
- Genco Shipping & Trading
Dry-bulk owner spanning Newcastlemax, Capesize, Ultramax, and Supramax
- Seanergy Maritime
Capesize-focused dry-bulk carrier listed on Nasdaq
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Navios Maritime Partners | $87.16 | −0.09% | $2.48B | 5.7 | 4.7 | 1.7 | +25.2% |
| Diana Shipping | $2.76 | −0.90% | $343.4M | 5.7 | 8.0 | 1.6 | +4.8% |
| Safe Bulkers | $8.52 | −0.06% | $867.6M | 11.0 | 14.2 | 2.8 | +33.0% |
| Genco Shipping & Trading | $25.88 | −0.02% | $1.13B | 28.6 | 12.2 | 2.6 | +14.0% |
| Seanergy Maritime | $18.01 | +1.30% | $375.6M | 6.2 | 6.4 | 1.9 | +48.6% |
| Median | 6.3 | 9.7 | 2.1 | +29.1% |