Star Bulk has spent another $800,960 on repurchasing a fresh tranche of shares as part of its buyback programme.
The Nasdaq and Oslo-listed company repurchased 100,000 of its common shares in open-market transactions on Wednesday.
It paid an average price of $8.0096 each for the shares, all of which will be cancelled by the issuer.
The Petros Pappas-led owner launched its share repurchase programme in November and plans to spend up to $50m in buying back its securities.
With this latest transaction, the Greek owner has spent an aggregate of $4.7m under the programme and currently has 93.19 million common shares outstanding.
The buyback initiative has no expiration date and may be suspended or ended at any time without prior notice, the company said in November.
Star Bulk's stock was trading at $8.04 before markets opened in New York on Wednesday.
