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April 15, 2014
05:59 EDTDSX, SALTScorpio, Diana Shipping trade well below NAV, says Deutsche Bank
Deutsche Bank says shares of Scorpio Bulkers (SALT) and Diana Shipping (DSX) are trading well below their net asset values following the recent pullback in the names. Deutsche points out that new and secondhand dry bulk asset prices have increased materially since the end of 2013. It reiterates Buy ratings on both stocks.
News For SALT;DSX From The Last 14 Days
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October 1, 2015
07:00 EDTSALTScorpio Bulkers announces purchase of common shares by Scorpio Services
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September 28, 2015
08:13 EDTSALTScorpio Bulkers announces purchase of 1.44M shares by Scorpio Services
Scorpio Bulkers announced that Scorpio Services Holding Limited has purchased an aggregate of 1,436,352 common shares of the Company at an average price of $1.60 per share in the open market since the Company's previous announcement on September 14, 2015. The Company currently has 343,905,637 common shares outstanding, of which SSH owns 21,634,390, or 6.3%.
06:52 EDTDSX, SALTStar Bulk Carriers upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra upgraded Star Bulk Carriers (SBLK) to Buy saying his trip to Asia last week supported his expectation for "strong outperformance" in dry bulk equities starting in 2016. "Sharply" higher spot rates in the last two months of this year will provide a catalyst for shares, Mehrotra tells investors in a research note. He keeps a $3 price target for the stock. Star Bulk closed Friday up 20c to $2.43. The analyst also has Buy ratings on Diana Shipping (DSX) and Scorpio Bulkers (SALT).

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