Star Bulk Carriers (SBLK) Announces the Repurchase of 1,985,169 of its Shares

Star Bulk Carriers Corp. (NASDAQ:SBLK) is one of the best shipping and container stocks to invest in now. On June 16, Star Bulk Carriers Corp. (NASDAQ:SBLK) announced that it had repurchased 1,985,169 of its shares since March 31 for a total of $32.22 million, with an average purchase price per share of $16.21.

Is Star Bulk Carriers Corp. (SBLK) the Best Marine Shipping Stock to Invest in Now?

A hugh vessel carrying hundreds of containers passing by a small fishermen boat.

As of the date of the announcement, the total number of issued and outstanding SBLK shares following the cancellation of the repurchased shares is 115,603,652.

Star Bulk Carriers Corp. (NASDAQ:SBLK) is a global shipping company that provides seaborne transportation solutions in the dry bulk sector. The company’s vessels transport major bulks such as minerals, grain, and iron ore, and minor bulks such as fertilizers, bauxite, and steel products.

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Disclosure: None. This article is originally published at Insider Monkey.