November 17, 2016 - By Vivian Park · 0 Comments
Eagle Bulk Shipping Inc (NASDAQ:EGLE) institutional sentiment decreased to 0.5 in Q2 2016. Its down -0.24, from 0.74 in 2016Q1. The ratio is negative, as 14 institutional investors increased or opened new stock positions, while 28 trimmed and sold stakes in Eagle Bulk Shipping Inc. The institutional investors in our partner’s database now possess: 26.94 million shares, down from 31.11 million shares in 2016Q1. Also, the number of institutional investors holding Eagle Bulk Shipping Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 8 Increased: 9 New Position: 5.
The stock increased 1.77% or $0.16 during the last trading session, hitting $9.18. About 460 shares traded hands. Eagle Bulk Shipping Inc (NASDAQ:EGLE) has declined 30.45% since April 15, 2016 and is downtrending. It has underperformed by 35.08% the S&P500.
Analysts await Eagle Bulk Shipping Inc (NASDAQ:EGLE) to report earnings on November, 21.
According to Zacks Investment Research, “Eagle Bulk Shipping is the largest U.S. based owner of Handymax dry bulk vessels. Handymax dry bulk vessels range in size from 35,000 to 60,000 deadweight tons, or dwt, and transport a broad range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.”
Goldentree Asset Management Lp holds 0.52% of its portfolio in Eagle Bulk Shipping Inc for 5.90 million shares. Oaktree Capital Management Lp owns 15.71 million shares or 0.12% of their US portfolio. Moreover, Scepter Holdings Inc. has 0.1% invested in the company for 998,543 shares. The North Carolina-based Bank Of America Corp De has invested 0% in the stock. Bank Of Montreal Can, a Ontario – Canada-based fund reported 1 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 insider buy, and 0 selling transactions for $13.16 million net activity.
More notable recent Eagle Bulk Shipping Inc (NASDAQ:EGLE) news were published by: Fool.com which released: “Why Eagle Bulk Shipping Stock Jumped 37% (More) Today” on November 14, 2016, also Prnewswire.com with their article: “Eagle Bulk Shipping Inc. to Issue Third Quarter 2016 Results and Hold Investor …” published on November 01, 2016, Prnewswire.com published: “Eagle Bulk Shipping Inc. Reports Inducement Grants Under NASDAQ Listing Rule …” on November 09, 2016. More interesting news about Eagle Bulk Shipping Inc (NASDAQ:EGLE) were released by: Prnewswire.com and their article: “Eagle Bulk Shipping Inc. Announces Reverse Stock Split” published on August 05, 2016 as well as Prnewswire.com‘s news article titled: “Eagle Bulk Shipping, Inc. Announces Comprehensive Balance Sheet Recapitalization” with publication date: March 30, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Vivian Park