Goldentree increases Eagle Bulk shareholding by 9%

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.

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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