Star Bulk Carriers Director Milena Maria Pappas Buys $2.1 Million Worth of Shares
Milena Maria Pappas, a director at Star Bulk Carriers (NASDAQ: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 3.2 million shares. This purchase adds to a total insider ownership of approximately 3% at Star Bulk Carriers. The stock closed on September 15, 2026, at $31.21 per share, up from the weighted average price paid during the transaction ($28.27), reflecting strong performance in recent months with a return exceeding 61%. The company operates one of the largest fleets of dry bulk vessels globally and reported trailing twelve-month revenue of $1.2 billion and net income of $287.2 million. The purchase is seen as potentially signaling continued confidence in Star Bulk Carriers' performance, particularly amid rising shipping rates driven by geopolitical tensions such as those involving Iran.
Tickers: $SBLK
Topics: SEC filings shipping stock market