Star Bulk Carriers Corp. Announces $51.5 Million Public Offering of Common Stock
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Go back to Star Bulk Carriers Corp. Announces $51.5 Million Public Offering of Common Stock
September 16, 2016 8:01 AM EDT
Jefferies reiterated a Buy rating on Star Bulk Carriers (NASDAQ: SBLK), and raised the price target to $6.00 (from $5.00), following the company's 2Q earnings report. SBLK reported adjusted EPS loss of ($0.69), which was ahead of the Street's estimate of ($0.74).
Analyst Douglas Mavrinac commented,... More
September 15, 2016 9:20 AM EDT
Star Bulk Carriers Corp. (Nasdaq: SBLK) announced that it has priced its underwritten public offering of 11,976,745 of its common shares at a price of $4.30 per share. The offering is expected to close on September 20, 2016, subject to customary conditions. The Company intends to use the net proceeds from the offering for general corporate purposes.
Oaktree Capital Management, L.P.... More
September 15, 2016 9:13 AM EDT
Star Bulk Carriers (NASDAQ: SBLK) said to price its $51.5 million common stock offering at $4.30 per share, according to Bloomberg. SBLK last closed at $4.68.
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September 14, 2016 4:08 PM EDT
Star Bulk Carriers (NASDAQ: SBLK) reported Q2 EPS of ($0.69), $0.03 worse than the analyst estimate of ($0.66). Revenue for the quarter came in at $52.65 million versus the consensus estimate of $41.26 million.
As of August 31, 2016 we have entered into Restructuring Letter Agreements (the "RLAs") with all 15... More
