Dry CargoFinance and Insurance
Goldentree increases Eagle Bulk shareholding by 9%
New York: Eagle Bulk’s major shareholder Goldentree Asset Management has snapped up an additional 500,000 shares in the company, adding to its existing holdings by 9.2%.
The shares were purchased at around $8.50 each, making the total transaction worth $4.25m, according to a US SEC filing.
Goldentree now holds a total of 5,694,620 shares in Eagle Bulk, worth around $48m at today’s share price of $8.43.
Last month Goldentree snapped up over $1.0m worth of shares over the course of three separate transactions, days after Sophocles Zoullas resigned as chief executive.