SEC Form SC 13G filed by Eagle Bulk Shipping Inc.

$EGLE
Marine Transportation
Consumer Discretionary
Get the next $EGLE alert in real time by email
SC 13G 1 r13gEagleBulkShipping.htm r13gaadvanceautoparts

SCHEDULE 13G/A

CUSIP No: T9224W109

1)NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: Lazard Asset Management LLC

2)CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)o (b)o

3)SEC USE ONLY

4)CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

5)SOLE VOTING POWER: 435,530

6)SHARED VOTING POWER: -

7)SOLE DISPOSITIVE POWER: 823,345

8)SHARED DISPOSITIVE POWER: -

9)AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:823,345

10)CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES o

11)PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 6.33%

12)TYPE OF REPORTING PERSON: IA

Item 1(a). Name of Issuer:

Eagle Bulk Shipping Inc.

Item 1(b). Address of Issuer's Principal Executive Offices:

300 FIRST STAMFORD PLACE

5TH FLOOR

STAMFORD, CONNECTICUT 06902

Item 2(a). Name of Person Filing: Lazard Asset Management LLC

Item 2(b). Address of Principal Business Office or, if None, Residence:

30 Rockefeller Plaza

New York, New York 10112

Item 2(c):Citizenship: Delaware Limited Liability Company

Item 2(d):Title of Class of Securities: Common Stock

Item 2(e):CUSIP Number: T9224W109

Item 3:If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:

o (a) Broker or Dealer Registered Under Section 15 of the Act

    • (e) Investment Adviser registered under section 203 of the Investment Advisers Act of 1940

Item 4: Ownership.

(a)Amount beneficially owned: 823,345

(b)percent of class: 6.33%

(c)Number of shares as to which such person has:

(i)Sole power to vote or to direct the vote: 435,530

(ii)Shared power to vote or to direct the vote:-

(iii)Sole power to dispose or to direct the disposition of: 823,345

(iv)Shared power to dispose or to direct the disposition of:-

Item 5:Ownership of Five Percent or Less of a Class: Not Applicable

Item 6:Ownership of More than Five Percent on Behalf of Another Person: Not Applicable

Item 7:Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: Not applicable

Item 8:Identification and Classification of Members of the Group: Not applicable

Item 9:Notice of Dissolution of Group:Not applicable

Item 10:Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.

SIGNATURE

After reasonable inquiry and to the best knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

Date: March 8, 2023

_________________________

Nargis Hilal

Chief Compliance Officer and Counsel

Get the next $EGLE alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$EGLE

DatePrice TargetRatingAnalyst
2/26/2024Buy → Neutral
Alliance Global Partners
1/31/2024$55.00Buy → Hold
Jefferies
1/5/2024Buy → Neutral
BTIG Research
9/30/2022$62.00Buy
Stifel
8/3/2022$85.00Buy
Alliance Global Partners
7/21/2022$64.00Buy
Jefferies
4/27/2022$70.00Buy
Jefferies
3/7/2022$62.00 → $67.00Buy
B. Riley Securities
More analyst ratings

$EGLE
Press Releases

Fastest customizable press release news feed in the world

See more
  • Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction

    NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet.  The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut. The fifteen handy-size vessels are valued at approximately $295 million, inclusive of ve

    $EGLE
    $PANL
    $SFL
    Marine Transportation
    Consumer Discretionary
  • Star Bulk Carriers Corp. Reports Net Profit of $74.9 Million for the First Quarter of 2024, and Declares Quarterly Dividend of $0.75 Per Share

    ATHENS, Greece, May 22, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights   (Expressed in thousands of U.S. dollars, except for daily rates and per share data)  First quarter 2024First quarter 2023Voyage Revenues$259,390$22

    $EGLE
    $SBLK
    Marine Transportation
    Consumer Discretionary
  • Eagle Shareholders Approve Merger With Star Bulk

    STAMFORD, Conn., April 05, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company") today announced that its shareholders voted in favor of (1) a proposal to approve and authorize the previously announced Agreement and Plan of Merger, dated December 11, 2023 (the "Merger Agreement"), entered into by and among Star Bulk Carriers Corp. ("Star Bulk"), Star Infinity Corp. ("Merger Sub") and the Company and the merger contemplated thereby (the "Merger Proposal") and (2) a proposal to authorize and approve the issuance of shares of the Company's common stock, $0.01 par value per share (the "Common Stock"), issuable upon the potential future conversion of the Compa

    $EGLE
    Marine Transportation
    Consumer Discretionary

$EGLE
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$EGLE
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$EGLE
SEC Filings

See more

$EGLE
Leadership Updates

Live Leadership Updates

See more
  • Eagle Bulk Shipping Inc. Appoints Kate Blankenship to Board of Directors

    STAMFORD, Conn., Jan. 19, 2023 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle Bulk", "Eagle", or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today announced that it has appointed A. Kate Blankenship to its Board of Directors, effective January 18, 2023. Ms. Blankenship is a member of the Institute of Chartered Accountants in England and Wales (ICAEW). In addition to having served in key senior management positions, Ms. Blankenship has served as a director at a number of U.S.-listed companies within the shipping and energy industries, including; Frontline, Golden Ocean, Golar LNG, International Seaways, and Seadril

    $EGLE
    Marine Transportation
    Consumer Discretionary
  • Eagle Bulk Shipping Inc. Announces the Appointment of a Chief Strategy Officer

    STAMFORD, Conn., Nov. 17, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NASDAQ:EGLE) ("Eagle Bulk", "Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today announced that Costa Tsoutsoplides has been appointed as the Company's Chief Strategy Officer. In this newly created role, Mr. Tsoutsoplides will have broad responsibilities in developing Eagle's Corporate strategy as well as leading capital markets initiatives and overseeing ESG and investor relations. Mr. Tsoutsoplides will also retain his existing responsibilities, including mergers & acquisitions and vessel sale and purchase. Eagle's CEO Gary Vogel commented, "I am

    $EGLE
    Marine Transportation
    Consumer Discretionary

$EGLE
Financials

Live finance-specific insights

See more
  • Pangaea Logistics Solutions and M.T. Maritime Management Announce Agreement to Combine Fleets of Dry Bulk Vessels in All-Stock Transaction

    NEWPORT, R.I., Sept. 23, 2024 /PRNewswire/ -- Pangaea Logistics Solutions Ltd. ("Pangaea" or the "Company") (NASDAQ:PANL), a global provider of comprehensive maritime logistics solutions, and M.T. Maritime Management (USA) LLC ("MTM"), managers of a diversified fleet of tankers and dry bulk vessels, today announced a definitive agreement to merge fifteen handy-size dry bulk vessels into Pangaea's 26 vessel supramax, ultramax, panamax and post-panamax fleet.  The handy vessels are currently owned by Strategic Shipping Inc. ("SSI"), a privately held company managed by MTM located in Southport, Connecticut. The fifteen handy-size vessels are valued at approximately $295 million, inclusive of ve

    $EGLE
    $PANL
    $SFL
    Marine Transportation
    Consumer Discretionary
  • Star Bulk Carriers Corp. Reports Net Profit of $74.9 Million for the First Quarter of 2024, and Declares Quarterly Dividend of $0.75 Per Share

    ATHENS, Greece, May 22, 2024 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ:SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2024. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries. Financial Highlights   (Expressed in thousands of U.S. dollars, except for daily rates and per share data)  First quarter 2024First quarter 2023Voyage Revenues$259,390$22

    $EGLE
    $SBLK
    Marine Transportation
    Consumer Discretionary
  • Eagle Bulk Shipping Inc. Reports Results for the Fourth Quarter of 2023

    STAMFORD, Conn., March 01, 2024 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (NYSE:EGLE) ("Eagle" or the "Company"), one of the world's largest owner-operators within the midsize drybulk vessel segment, today reported financial results for the quarter and year ended December 31, 2023. Quarter Highlights: Generated Revenues, net of $104.6 million Achieved TCE(1) of $16,169 / day based on TCE Revenues(1) of $74.8 million Realized net income of $6.7 million, or $0.71 per basic share Adjusted net income(1) of $13.0 million, or $1.39 per basic share(1) Generated EBITDA(1) of $28.2 million Adjusted EBITDA(1) of $36.3 million Declared a quarterly dividend of $0.60 per share for the fourth

    $EGLE
    $SBLK
    Marine Transportation
    Consumer Discretionary

$EGLE
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more