Star Bulk Director Raffaele Zagari Buys $1.7 Million Worth of Shares
Raffaele Zagari, director at Star Bulk Carriers Corp., purchased 60,000 shares for a total value of $1.7 million on September 15, 2026, according to an SEC Form 4 filing. The transaction included both direct and indirect holdings, with the latter representing the majority (50,000) of his purchase. Zagari now holds over 2 million shares in total beneficial ownership across all accounts, indicating a significant increase in equity exposure. The timing of this acquisition coincided with Star Bulk's dual listing on Euronext Athens and an ongoing public offering in Greece. The company has seen strong performance recently, delivering a one-year return of 61% as of the transaction date. It operates a fleet of 136 dry bulk vessels across global trade routes and reported $1.2 billion in trailing twelve-month revenue with net income of $287.2 million. Zagari’s purchase is seen by some analysts as bullish, especially given recent geopolitical tensions affecting shipping rates due to the Iran war. Star Bulk has benefited from rising pricing leverage while maintaining access to Iranian markets for essential cargo like grain.
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