Eagle Bulk Shipping Inc. (EGLE) Major Shareholder Goldentree Asset Management Lp Purchases 84,969 Sh

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) major shareholder Goldentree Asset Management Lp acquired 84,969 shares of the business’s stock in a transaction on Monday, February 11th. The shares were bought at an average cost of $4.02 per share, for a total transaction of $341,575.38. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Goldentree Asset Management Lp also recently made the following trade(s):

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On Friday, February 8th, Goldentree Asset Management Lp acquired 66,253 shares of Eagle Bulk Shipping stock. The shares were bought at an average cost of $3.97 per share, for a total transaction of $263,024.41. On Monday, January 28th, Goldentree Asset Management Lp acquired 10,300 shares of Eagle Bulk Shipping stock. The shares were bought at an average cost of $4.42 per share, for a total transaction of $45,526.00. On Friday, January 25th, Goldentree Asset Management Lp acquired 81,400 shares of Eagle Bulk Shipping stock. The shares were bought at an average cost of $4.47 per share, for a total transaction of $363,858.00. On Wednesday, January 23rd, Goldentree Asset Management Lp acquired 185,553 shares of Eagle Bulk Shipping stock. The shares were bought at an average cost of $4.46 per share, for a total transaction of $827,566.38. On Monday, November 19th, Goldentree Asset Management Lp acquired 90,030 shares of Eagle Bulk Shipping stock. The shares were bought at an average cost of $4.53 per share, for a total transaction of $407,835.90. On Thursday, November 15th, Goldentree Asset Management Lp acquired 93,354 shares of Eagle Bulk Shipping stock. The shares were bought at an average cost of $4.67 per share, for a total transaction of $435,963.18.

Shares of Eagle Bulk Shipping stock opened at $4.68 on Wednesday. The firm has a market capitalization of $314.79 million, a PE ratio of -11.14 and a beta of 1.20. Eagle Bulk Shipping Inc. has a 12 month low of $3.85 and a 12 month high of $6.14. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.91 and a current ratio of 2.16.

A number of analysts have weighed in on EGLE shares. ValuEngine cut shares of Eagle Bulk Shipping from a “strong-buy” rating to a “buy” rating in a report on Friday, October 19th. BidaskClub cut shares of Eagle Bulk Shipping from a “sell” rating to a “strong sell” rating in a report on Friday, October 26th. Finally, Zacks Investment Research cut shares of Eagle Bulk Shipping from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $6.79.

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc increased its holdings in shares of Eagle Bulk Shipping by 33.0% in the 3rd quarter. Vanguard Group Inc now owns 2,686,775 shares of the shipping company’s stock valued at $15,100,000 after acquiring an additional 666,715 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Eagle Bulk Shipping by 80.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 918,236 shares of the shipping company’s stock valued at $4,995,000 after acquiring an additional 409,854 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Eagle Bulk Shipping in the 3rd quarter valued at $109,000. Bank of New York Mellon Corp increased its stake in Eagle Bulk Shipping by 22.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 121,017 shares of the shipping company’s stock valued at $658,000 after buying an additional 21,947 shares during the period. Finally, Meeder Asset Management Inc. increased its stake in Eagle Bulk Shipping by 69.9% in the 4th quarter. Meeder Asset Management Inc. now owns 20,318 shares of the shipping company’s stock valued at $94,000 after buying an additional 8,361 shares during the period. 46.91% of the stock is currently owned by institutional investors and hedge funds.

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Eagle Bulk Shipping Company Profile

Eagle Bulk Shipping, Inc is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer.

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