Samalin Investment Counsel LLC Acquires 1,015 Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE)

Samalin Investment Counsel LLC lifted its holdings in Eagle Bulk Shipping Inc. (NASDAQ:EGLEGet Rating) by 37.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,720 shares of the shipping company’s stock after purchasing an additional 1,015 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Eagle Bulk Shipping were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Eagle Bulk Shipping by 2.2% in the first quarter. Vanguard Group Inc. now owns 542,395 shares of the shipping company’s stock worth $36,942,000 after purchasing an additional 11,633 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Eagle Bulk Shipping by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 261,922 shares of the shipping company’s stock worth $17,839,000 after buying an additional 11,776 shares during the last quarter. CHURCHILL MANAGEMENT Corp acquired a new position in Eagle Bulk Shipping during the first quarter worth $12,815,000. Victory Capital Management Inc. increased its holdings in Eagle Bulk Shipping by 421.4% during the first quarter. Victory Capital Management Inc. now owns 181,398 shares of the shipping company’s stock worth $11,424,000 after buying an additional 146,608 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Eagle Bulk Shipping by 9.6% during the first quarter. Acadian Asset Management LLC now owns 152,310 shares of the shipping company’s stock worth $10,373,000 after buying an additional 13,344 shares during the last quarter. Institutional investors own 86.73% of the company’s stock.

Eagle Bulk Shipping Price Performance

NASDAQ:EGLE opened at $43.58 on Friday. Eagle Bulk Shipping Inc. has a one year low of $36.21 and a one year high of $78.75. The company has a market cap of $596.61 million, a P/E ratio of 2.25 and a beta of 1.38. The firm’s fifty day moving average price is $48.26 and its two-hundred day moving average price is $57.89. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.79 and a quick ratio of 1.61.

Eagle Bulk Shipping Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Tuesday, August 16th were issued a $2.20 dividend. This is an increase from Eagle Bulk Shipping’s previous quarterly dividend of $2.00. This represents a $8.80 annualized dividend and a dividend yield of 20.19%. The ex-dividend date was Monday, August 15th. Eagle Bulk Shipping’s payout ratio is currently 45.45%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Clarkson Capital restated a “buy” rating on shares of Eagle Bulk Shipping in a report on Tuesday, June 14th. Alliance Global Partners assumed coverage on shares of Eagle Bulk Shipping in a report on Wednesday, August 3rd. They set a “buy” rating and a $85.00 target price on the stock. Jefferies Financial Group assumed coverage on shares of Eagle Bulk Shipping in a report on Wednesday, July 20th. They set a “buy” rating and a $64.00 target price on the stock. Finally, StockNews.com downgraded shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a report on Monday, August 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eagle Bulk Shipping currently has a consensus rating of “Moderate Buy” and an average price target of $74.00.

Eagle Bulk Shipping Profile

(Get Rating)

Eagle Bulk Shipping Inc engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest products. It serves miners, producers, traders, and end users.

See Also

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Institutional Ownership by Quarter for Eagle Bulk Shipping (NASDAQ:EGLE)

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