Gary Vogel Sells 32,120 Shares of Eagle Bulk Shipping Inc. (NASDAQ:EGLE) Stock

Eagle Bulk Shipping Inc. (NASDAQ:EGLE) CEO Gary Vogel sold 32,120 shares of the business’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $5.65, for a total transaction of $181,478.00. Following the sale, the chief executive officer now owns 1,105,432 shares of the company’s stock, valued at approximately $6,245,690.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gary Vogel also recently made the following trade(s):

  • On Thursday, July 11th, Gary Vogel sold 7,250 shares of Eagle Bulk Shipping stock. The shares were sold at an average price of $5.59, for a total transaction of $40,527.50.
  • On Tuesday, April 23rd, Gary Vogel sold 45,520 shares of Eagle Bulk Shipping stock. The shares were sold at an average price of $5.30, for a total transaction of $241,256.00.

Shares of EGLE opened at $5.65 on Friday. Eagle Bulk Shipping Inc. has a 1 year low of $3.85 and a 1 year high of $6.09. The firm has a market capitalization of $415.52 million, a P/E ratio of 37.87 and a beta of 1.29. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.68. The company’s fifty day moving average price is $4.99.



Eagle Bulk Shipping (NASDAQ:EGLE) last announced its quarterly earnings results on Tuesday, May 7th. The shipping company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.10. Eagle Bulk Shipping had a net margin of 4.07% and a return on equity of 2.25%. The company had revenue of $51.48 million during the quarter, compared to the consensus estimate of $47.72 million. On average, equities analysts expect that Eagle Bulk Shipping Inc. will post 0.09 EPS for the current fiscal year.

EGLE has been the subject of several recent research reports. ValuEngine upgraded shares of Zuora from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. BidaskClub raised shares of Zebra Technologies from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Maxim Group set a $7.00 price target on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $6.68.

Several institutional investors and hedge funds have recently made changes to their positions in EGLE. BNP Paribas Arbitrage SA lifted its holdings in Eagle Bulk Shipping by 465.6% in the first quarter. BNP Paribas Arbitrage SA now owns 9,943 shares of the shipping company’s stock worth $46,000 after purchasing an additional 8,185 shares during the period. West Chester Capital Advisors Inc. acquired a new stake in Eagle Bulk Shipping in the first quarter worth about $47,000. Mraz Amerine & Associates Inc. acquired a new stake in Eagle Bulk Shipping in the first quarter worth about $87,000. Paloma Partners Management Co acquired a new stake in Eagle Bulk Shipping in the fourth quarter worth about $153,000. Finally, Rhumbline Advisers lifted its holdings in Eagle Bulk Shipping by 42.7% in the fourth quarter. Rhumbline Advisers now owns 68,656 shares of the shipping company’s stock worth $317,000 after purchasing an additional 20,557 shares during the period. 84.11% of the stock is owned by institutional investors.

About Eagle Bulk Shipping

Eagle Bulk Shipping, Inc is a holding company, which engages in the ocean transportation of a broad range of dry bulk cargoes worldwide through the ownership, charter, and operation of dry bulk vessels. It operates Supramax and Handymax vessels that transport minor and major bulk cargoes, including iron ore, coal, grain, cement, and fertilizer.

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Insider Buying and Selling by Quarter for Eagle Bulk Shipping (NASDAQ:EGLE)

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