The CEO of Eagle Bulk Shipping (NASDAQ: EGLE) is Buying Shares

Yesterday, the CEO of Eagle Bulk Shipping (EGLEResearch Report), Vogel Gary, bought shares of EGLE for $64.75K.

Following this transaction Vogel Gary’s holding in the company was increased by 2.58% to a total of $2.56 million.

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The company has a one-year high of $34.13 and a one-year low of $8.89. Currently, Eagle Bulk Shipping has an average volume of 57.39K.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $27.20, reflecting a -41.0% downside. Starting in March 2020, EGLE received 16 Buy ratings in a row. Four different firms, including B.Riley FBR and DNB Markets, currently also have a Buy rating on the stock.

The insider sentiment on Eagle Bulk Shipping has been positive according to 12 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. The company was founded by Sophocles N. Zoullas on March 23, 2005 and is headquartered in Stamford, CT.