Insiders at Star Bulk Carriers ($SBLK) purchased approximately $650,000 of company stock on September 15, as the dry-bulk carrier navigates continued Middle East shipping disruptions and begins trading on Euronext Athens.
- Co-CFO Symeon Spyrou purchased 15,000 shares at $28.27, worth approximately $424,000.
- Directors Koert Erhardt and Nikolaos Karellis purchased 6,000 and 2,000 shares, respectively, at $28.27.
- The three purchases totaled 23,000 shares and approximately $650,000.
- Star Bulk reported Q2 net income of $144.9 million, its strongest quarterly result since Q2 2022, and declared a $0.90-per-share dividend.
- The company has said direct dry-bulk exposure through the Strait of Hormuz is relatively limited, while higher bunker prices and war-related shipping inefficiencies are affecting the broader market.
- Star Bulk shares began trading on Euronext Athens on September 16 while remaining listed on Nasdaq.
Relevant Companies
- Star Bulk Carriers ($SBLK) - The dry-bulk carrier is directly tied to the insider purchases, shipping-market conditions and new Athens listing.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
