Hourglass Capital LLC lifted its holdings in Scorpio Bulkers Inc (NYSE:SALT) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,070,000 shares of the shipping company’s stock after acquiring an additional 113,000 shares during the period. Scorpio Bulkers makes up 1.8% of Hourglass Capital LLC’s portfolio, making the stock its 21st biggest position. Hourglass Capital LLC’s holdings in Scorpio Bulkers were worth $7,918,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Evermore Global Advisors LLC increased its position in shares of Scorpio Bulkers by 6.1% in the fourth quarter. Evermore Global Advisors LLC now owns 6,324,477 shares of the shipping company’s stock worth $46,801,000 after acquiring an additional 366,181 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Scorpio Bulkers by 13.9% in the third quarter. Royce & Associates LP now owns 1,101,978 shares of the shipping company’s stock valued at $7,769,000 after purchasing an additional 134,105 shares during the period. Horseman Capital Management Ltd boosted its stake in shares of Scorpio Bulkers by 35.7% in the third quarter. Horseman Capital Management Ltd now owns 950,000 shares of the shipping company’s stock valued at $6,698,000 after purchasing an additional 250,000 shares during the period. State Street Corp boosted its stake in shares of Scorpio Bulkers by 10.5% in the second quarter. State Street Corp now owns 924,007 shares of the shipping company’s stock valued at $6,558,000 after purchasing an additional 88,156 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Scorpio Bulkers by 5.5% in the second quarter. Northern Trust Corp now owns 532,847 shares of the shipping company’s stock valued at $3,783,000 after purchasing an additional 27,871 shares during the period. 39.80% of the stock is owned by institutional investors.

Scorpio Bulkers Inc (SALT) opened at $7.70 on Tuesday. Scorpio Bulkers Inc has a 52 week low of $5.70 and a 52 week high of $10.14. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.41 and a quick ratio of 2.20.

Scorpio Bulkers (NYSE:SALT) last posted its quarterly earnings data on Monday, February 5th. The shipping company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). Scorpio Bulkers had a negative net margin of 36.82% and a negative return on equity of 4.45%. The firm had revenue of $51.13 million for the quarter, compared to the consensus estimate of $49.34 million. During the same period in the prior year, the firm posted ($0.29) EPS. The firm’s revenue was up 90.4% compared to the same quarter last year. analysts expect that Scorpio Bulkers Inc will post 0.12 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.08 dividend on an annualized basis and a yield of 1.04%. Scorpio Bulkers’s dividend payout ratio (DPR) is -2.41%.

SALT has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Scorpio Bulkers from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research note on Wednesday, December 27th. Noble Financial initiated coverage on shares of Scorpio Bulkers in a research note on Friday, January 12th. They issued a “buy” rating and a $10.00 target price for the company. Jefferies Group initiated coverage on shares of Scorpio Bulkers in a research note on Monday, December 18th. They issued a “buy” rating and a $14.00 target price for the company. BidaskClub downgraded shares of Scorpio Bulkers from a “hold” rating to a “sell” rating in a research note on Saturday, November 11th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $9.00 target price on shares of Scorpio Bulkers in a research note on Tuesday, October 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Scorpio Bulkers currently has a consensus rating of “Hold” and a consensus target price of $10.21.

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Scorpio Bulkers Profile

Scorpio Bulkers Inc is a shipping company. The Company owns and operates newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 deadweight tons (dwt). The Company operates through two segments: Kamsarmax and Ultramax. Its Kamsarmax segment includes vessels ranging from approximately 77,500 DWT to 98,700 DWT.

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Institutional Ownership by Quarter for Scorpio Bulkers (NYSE:SALT)

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