A Major Shareholder at Eagle Bulk Shipping (EGLE) is Selling Shares


Today, a Major Shareholder at Eagle Bulk Shipping (EGLE), Steven Tananbaum, sold shares of EGLE for $12.81K.

In addition to Steven Tananbaum, 4 other EGLE executives reported Sell trades in the last month.

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Based on Eagle Bulk Shipping’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $69.09 million and quarterly net profit of $2.58 million. In comparison, last year the company earned revenue of $62.71 million and had a GAAP net loss of $10.26 million. Currently, Eagle Bulk Shipping has an average volume of 320.4K.

Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $7.30, reflecting a 67.8% upside.

In the last 30 days, insiders have sold $651.4K worth of EGLE shares and purchased $8.48M worth of EGLE shares. The insider sentiment on Eagle Bulk Shipping has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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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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