Dimensional Fund Advisors LP Has $7.23 Million Holdings in Eagle Bulk Shipping Inc. (EGLE)

Dimensional Fund Advisors LP raised its position in shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) by 27.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,568,549 shares of the shipping company’s stock after buying an additional 334,039 shares during the period. Dimensional Fund Advisors LP’s holdings in Eagle Bulk Shipping were worth $7,231,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Northern Trust Corp lifted its stake in Eagle Bulk Shipping by 13.4% during the fourth quarter. Northern Trust Corp now owns 551,591 shares of the shipping company’s stock valued at $2,543,000 after buying an additional 65,326 shares in the last quarter. Royce & Associates LP lifted its stake in Eagle Bulk Shipping by 62.2% during the fourth quarter. Royce & Associates LP now owns 1,777,474 shares of the shipping company’s stock valued at $8,194,000 after buying an additional 681,470 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Eagle Bulk Shipping by 7.6% during 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. BlackRock Inc. lifted its stake in Eagle Bulk Shipping by 4.0% during the fourth quarter. BlackRock Inc. now owns 2,438,317 shares of the shipping company’s stock valued at $11,240,000 after buying an additional 93,472 shares in the last quarter. Finally, Signia Capital Management LLC lifted its stake in Eagle Bulk Shipping by 18.0% during the fourth quarter. Signia Capital Management LLC now owns 764,694 shares of the shipping company’s stock valued at $3,525,000 after buying an additional 116,814 shares in the last quarter. 81.56% of the stock is owned by institutional investors.

A number of analysts have commented on EGLE shares. BidaskClub raised shares of Eagle Bulk Shipping from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. TheStreet raised shares of Eagle Bulk Shipping from a “d+” rating to a “c” rating in a research note on Wednesday, March 6th. Maxim Group set a $7.00 price target on shares of Eagle Bulk Shipping and gave the stock a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research lowered shares of Eagle Bulk Shipping from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, Morgan Stanley set a $5.00 price target on shares of Eagle Bulk Shipping and gave the stock a “hold” rating in a research report on Friday, February 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Eagle Bulk Shipping currently has an average rating of “Buy” and an average target price of $6.61.

NASDAQ EGLE opened at $5.38 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.88 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $382.35 million, a PE ratio of 29.89 and a beta of 1.14. Eagle Bulk Shipping Inc. has a 52-week low of $3.85 and a 52-week high of $6.14.

Eagle Bulk Shipping (NASDAQ:EGLE) last posted its quarterly earnings results on Tuesday, March 5th. The shipping company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $61.97 million during the quarter, compared to analyst estimates of $61.14 million. Eagle Bulk Shipping had a net margin of 4.06% and a return on equity of 2.67%. Sell-side analysts predict that Eagle Bulk Shipping Inc. will post -0.01 EPS for the current fiscal year.

In other Eagle Bulk Shipping news, major shareholder Oaktree Capital Group Holdings acquired 157,931 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were purchased at an average price of $4.54 per share, with a total value of $717,006.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Goldentree Asset Management Lp acquired 10,300 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The shares were acquired at an average cost of $4.42 per share, for a total transaction of $45,526.00. The disclosure for this purchase can be found here. Insiders bought 1,630,458 shares of company stock valued at $7,241,075 over the last three months. 3.70% of the stock is owned by insiders.

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

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