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Activist Michael Weinstock Joins Howard Marks in Star Bulk Carriers

Michael Weinstock’s Monarch Alternative Capital recently increased its exposure in Star Bulk Carriers Corp. (NASDAQ:SBLK) and now owns 21.12% of the company, a SEC filing showed. In this way, Monarch currently holds an activist position which involves around 6.14 million shares of Star Bulk Carriers. Earlier in July, in a 13D filing, Monarch disclosed owning almost 3.87 million shares, which represented 18.63% of the company.

Michael Weinstock - Monarch Alternative Capital

Disclosure: none