2024-02-13 22:34:21 ET
Summary
- Star Bulk Carriers reported Q4 financial results with adjusted EPS of $0.73 and an average time charter equivalent rate of $18,296 per day per vessel.
- SBLK paid a dividend of $0.45 per share, a significant increase from the previous quarter.
- The merger deal with Eagle Bulk is expected to be completed in April 2024, with SBLK shareholders owning about 71% of the company's common stock.
- Favorable supply/demand dynamics should deliver higher earnings in the next couple of years.
Investment Thesis
Before Star Bulk Carriers Corp. ( SBLK ) released its Q3 financial results last year, we took stock and shared our view on what we expected from them....
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For further details see:
Star Bulk Carriers Ended FY 2023 On A High Note