FBR Capital Maintains an 'Outperform' on Star Bulk Carriers (SBLK); Takeaways from Meeting New CEO; Dividend Sustainability

FBR Capital maintains an 'Outperform' on Star Bulk Carriers (NASDAQ: SBLK), PT lowered from $4 to $3.50.

FBR analyst says, "We are maintaining our rating on SBLK following our recent meeting with the company's new CEO, Spyros Capralos. We believe his capital markets experience coupled with the existing management team's strong shipping experience can create a well-rounded public shipping company. We believe this management team understands the importance of a sustainable dividend, adequate trading liquidity, and timing the market to grow when asset values are near the bottom and can balance these priorities to improve the company's relative peer valuation discount."

For more ratings news on Star Bulk Carriers click here and for the rating history of Star Bulk Carriers click here.

Shares of Star Bulk Carriers closed at $2.40 yesterday.

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