Star Bulk Carriers Director Buys $2.1 Million Worth of Shares
Milena Maria Pappas, a director at Star Bulk Carriers (SBLK), indirectly purchased 74,400 shares for approximately $2.1 million on September 15, 2026, according to an SEC Form 4 filing. The transaction was executed through three corporations in which she holds full economic interest and increased her indirect stake in the company to around 3.17 million shares. The purchase occurred at a weighted average price of $28.27 per share, while Star Bulk Carriers' stock closed that day at $31.21 — reflecting strong performance with a 61% return over the past year. The company operates one of the largest fleets in dry bulk shipping and reported trailing twelve-month revenue of $1.2 billion and net income of $287.2 million. The timing aligns with rising demand for transoceanic shipping services, partly driven by geopolitical tensions affecting global trade routes.
Tickers: $SBLK