The concentrated buy cluster at $28.27 by multiple C-suite and board members, including two $2.1M purchases, suggests management sees material upside. Monitor for any upcoming earnings or strategic announcements that could catalyze a re-rating.
Price Chart
Executive Summary
A cluster of 9 Star Bulk insiders traded over Sep 11-18, with 8 making open-market buys totaling ~$5.5M at ~$28.27 and 1 director selling $323K at $32.34. The heavy insider buying, especially by two insiders each deploying $2.1M, signals strong conviction that the stock is undervalued near $28, while the lone sale appears routine and non-informative.
Key Financial Metrics
Key Facts
- 8 insiders executed open-market buys totaling ~$5.5M at ~$28.27/share on Sep 15
- Director Pappas Alexandros and Director Pappa Milena Maria each bought 74.4K shares ($2.1M each)
- COO Reskos Nikolaos bought 10K shares ($283K), co-CFO Spyrou Symeon bought 15K shares ($424K)
- Director Erhardt Koert bought 6K shares ($170K), Director Zagari Raffaele bought 10K shares ($283K)
- Director Balakrishnan Mahesh sold 10K shares ($323K) at $32.34 on Sep 18 — a routine, non-informative sale
- Total insider buy value of ~$5.5M represents ~1.7% of SBLK's ~$326M market cap — highly material
Financial Impact
Insider buys of ~$5.5M represent ~1.7% of market cap, a very strong signal of undervaluation
Risk Factors
- Dry bulk shipping rates are volatile and could deteriorate, offsetting insider conviction
- The lone director sale at $32.34 may indicate a near-term ceiling if repeated by other insiders
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SBLK-1790082012027 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 6-K | $29.84 | awaiting T+60 | — | $29.08 (+2.55%) |
Oct 9, 2026 17d ago | 424B5 | $29.84 | awaiting T+60 | — | $29.08 (+2.55%) |
Oct 9, 2026 17d ago | 424B5 | $29.84 | awaiting T+60 | — | $29.08 (+2.55%) |
Oct 5, 2026 21d ago | 144 | $30.84 | awaiting T+60 | — | $29.08 (−5.71%) |
Sep 22, 2026 4w ago | Insider Cluster | $30.94 | awaiting T+60 | — | $29.08 (−6.01%) |
Sep 18, 2026 5w ago | 6-K | $32.48 | awaiting T+60 | — | $29.08 (−10.47%) |
Sep 17, 2026 5w ago | Insider Cluster | $31.75 | awaiting T+60 | — | $29.08 (−8.41%) |
Sep 16, 2026 5w ago | 6-K | $30.87 | awaiting T+60 | — | $29.08 (−5.80%) |
Sep 16, 2026 5w ago | Insider Cluster | $30.87 | awaiting T+60 | — | $29.08 (−5.80%) |
Sep 16, 2026 5w ago | Insider Cluster | $30.87 | awaiting T+60 | — | $29.08 (−5.80%) |
US Market Status
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