BlueMountain Capital buys up Scorpio Bulkers shares

BlueMountain Capital buys up Scorpio Bulkers shares

Monaco: BlueMountain Capital has bought even more shares in Scorpio Bulkers, increasing its stake to 12.1m shares, a US SEC filing said.

In September, the New York-headquartered investment firm held 9.92m shares, which at that time was equivalent to a 7.2% stake in the bulker owner.

Since then, more Scorpio Bulkers shares have been released into the market, which now puts BlueMountain’s stake at 6.7%.

Shares in the Monaco-based shipowner were today trading at $2.09 per share, making BlueMountain’s acquisition of 2.81m shares worth around $4.56m, and its total holding worth some $25.3m.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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