Milena Maria Pappa, Director at Star Bulk Carriers Corp. (SBLK), bought 74,400 shares at $28.27 ($2.1M) on 2026-09-15, disclosed to the SEC on 2026-09-17.
Director Milena Maria Pappa purchased $2.1 million worth of shares at $28.27, marking the largest insider purchase in the company's history, which may signal confidence in the stock's valuation following a recent equity offering. The trade comes as the stock has rallied nearly 20% over the last 90 days and trades at a forward P/E of 8.9.
SBLK is up 2.46% over the past 30 days and 19.65% over the last 90 days, currently trading at $30.87, which is 6.06% below its 52-week high of $32.86.
1) The company launched a follow-on equity offering on September 17, 2026, which could impact capital structure. 2) The stock was named a Zacks Rank #1 (Strong Buy) income stock on September 16, 2026. 3) The stock was named a Zacks Rank #1 (Strong Buy) value stock on August 17, 2026.
The stock has a short interest of 1.74% of the float, and recent news indicates a Chief Strategy Officer sold shares on September 1, 2026, which could offset some of the bullish sentiment.
Nothing distinguishes this filing.