Eagle Bulk Shipping Inc. (NSD:EGLE) has seen a 20.8% increase in its position by B. Riley Wealth Advisors Inc. during the third quarter, according to recent disclosures made to the Securities & Exchange Commission. The institutional investor now owns 24,230 shares, worth $1,047,000, after buying an additional 4,180 shares during the quarter. Other institutional investors and hedge funds have also recently bought and sold shares in the company, with 79.88% of the company’s stock now owned by them. Meanwhile, Eagle Bulk Shipping (NSD:EGLE) recently announced a quarterly dividend of $0.60, to be paid on March 23rd, with an ex-dividend date of March 14th. The dividend payout ratio (DPR) is 15.68%. Several research firms have recently raised their target prices for the company. An average rating of “Moderate Buy” and an average target price of $74.71. However, CEO Gary Vogel recently sold 15,000 shares of the stock in December 2022. Eagle Bulk Shipping has a 12-month low of $40.13 and a 12-month high of $78.75. A market capitalization of $618.46 million, a price-to-earnings ratio of 2.95, and a beta of 1.33.
Eagle Bulk Shipping Stock Analysis
EGLE Inc. is expected to perform well in the coming year based on the stock forecasts of 5 analysts. The average analyst target price for EGLE Inc. is USD 68.17, indicating a potential increase in value over the next 12 months. The average analyst rating for the company is Strong Buy. Stock Target Advisor’s analysis of the Eagle Bulk Shipping Inc stock is Bullish, supported by 10 positive signals and 4 negative signals. However, the company’s stock price has decreased by -9.91% over the past week, -21.27% over the past month, and -27.60% over the past year. As of the last closing, Eagle Bulk Inc’s stock price was USD 45.11.
Company Overview
Eagle Bulk Shipping Inc. is a global provider of ocean transportation services for dry bulk cargoes. The company’s operations involve the ownership, chartering, and operation of dry bulk vessels that transport a wide range of bulk commodities, such as iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. Its clientele includes miners, producers, traders, and end-users. Eagle Bulk Inc., which has been in operation since its incorporation in 2005. It’s headquartered in Stamford, Connecticut and operates a fleet of 53 vessels as of December 31, 2022.
