Star Bulk Carriers Corp. announced that it has repurchased a substantial number of its common shares since March 31, 2025. The company bought back 1,985,169 shares during this period, demonstrating its ongoing commitment to its capital allocation strategy.
The total consideration for these share repurchases amounted to $32.22 million, with an average purchase price of $16.21 per share. This action reflects management's strategy to enhance shareholder value by acquiring shares when they trade at a discount to the company's net asset value.
Following the cancellation of these repurchased shares, the total number of issued and outstanding Star Bulk Carriers shares now stands at 115,603,652. This reduction in share count can positively impact per-share metrics for existing shareholders.
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