Insider Selling: Eagle Bulk Shipping Inc. (NASDAQ:EGLE) CEO Sells $181,478.00 in Stock

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Eagle Bulk Shipping Inc. (NASDAQ:EGLE) CEO Gary Vogel sold 32,120 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $5.65, for a total value of $181,478.00. Following the sale, the chief executive officer now directly owns 1,105,432 shares in the company, valued at approximately $6,245,690.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Gary Vogel also recently made the following trade(s):

  • On Thursday, July 11th, Gary Vogel sold 7,250 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $5.59, for a total value of $40,527.50.
  • On Tuesday, April 23rd, Gary Vogel sold 45,520 shares of Eagle Bulk Shipping stock. The stock was sold at an average price of $5.30, for a total value of $241,256.00.

Shares of NASDAQ:EGLE opened at $5.65 on Friday. Eagle Bulk Shipping Inc. has a 12 month low of $3.85 and a 12 month high of $6.09. The company has a market capitalization of $413.33 million, a PE ratio of 37.67 and a beta of 1.29. The business’s 50 day moving average price is $4.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.13 and a current ratio of 1.30.

Eagle Bulk Shipping (NASDAQ:EGLE) last announced its earnings results on Tuesday, May 7th. The shipping company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. Eagle Bulk Shipping had a return on equity of 2.25% and a net margin of 4.07%. The firm had revenue of $51.48 million for the quarter, compared to analysts’ expectations of $47.72 million. On average, equities analysts predict that Eagle Bulk Shipping Inc. will post 0.09 earnings per share for the current fiscal year.

EGLE has been the topic of several recent analyst reports. ValuEngine raised Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Maxim Group set a $7.00 target price on Eagle Bulk Shipping and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, BidaskClub raised Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $6.68.

A number of large investors have recently made changes to their positions in EGLE. BNP Paribas Arbitrage SA increased its holdings in shares of Eagle Bulk Shipping by 465.6% in the first quarter. BNP Paribas Arbitrage SA now owns 9,943 shares of the shipping company’s stock valued at $46,000 after buying an additional 8,185 shares in the last quarter. West Chester Capital Advisors Inc. bought a new position in shares of Eagle Bulk Shipping in the first quarter valued at $47,000. Bank of New York Mellon Corp increased its holdings in shares of Eagle Bulk Shipping by 7.6% in the fourth quarter. Bank of New York Mellon Corp now owns 187,576 shares of the shipping company’s stock valued at $864,000 after buying an additional 13,262 shares in the last quarter. Mraz Amerine & Associates Inc. bought a new position in shares of Eagle Bulk Shipping in the first quarter valued at $87,000. Finally, Rhumbline Advisers increased its holdings in shares of Eagle Bulk Shipping by 42.7% in the fourth quarter. Rhumbline Advisers now owns 68,656 shares of the shipping company’s stock valued at $317,000 after buying an additional 20,557 shares in the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Outstanding Shares

Insider Buying and Selling by Quarter for Eagle Bulk Shipping (NASDAQ:EGLE)

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