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Have Star Bulk Carriers Corp. (NASDAQ:SBLK) Insiders Been Selling Their Stock?

Simply Wall St

Investors may wish to note that the Director of Star Bulk Carriers Corp., Nikolaos Karellis, recently netted US$66k from selling stock, receiving an average price of US$11.08. It wasn't a huge sale, but it did reduce their holding by 11%. This does not instill confidence.

View our latest analysis for Star Bulk Carriers

The Last 12 Months Of Insider Transactions At Star Bulk Carriers

Notably, that recent purchase by Director Nikolaos Karellis was not the only time they bought Star Bulk Carriers shares this year. Earlier in the year, they paid US$9.42 per share in a US$113k purchase. That implies that an insider found the current price of US$10.91 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Star Bulk Carriers insiders decided to buy shares at close to current prices. We note that Nikolaos Karellis was also the biggest seller.

In the last twelve months insiders purchased 16750 shares for US$150k. On the other hand they divested 18000 shares, for US$67k. Overall, Star Bulk Carriers insiders were net buyers last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

NasdaqGS:SBLK Recent Insider Trading, October 17th 2019

Star Bulk Carriers is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Does Star Bulk Carriers Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 7.3% of Star Bulk Carriers shares, worth about US$75m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Does This Data Suggest About Star Bulk Carriers Insiders?

An insider hasn't bought Star Bulk Carriers stock in the last three months, but there was some selling. In contrast, they appear keener if you look at the last twelve months. It's good to see insiders are shareholders. So we're happy enough to look past some selling. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.