Analyst Explains Why She Sold Starbulk (SBLK) After Getting 'Huge, Huge' Dividends

We recently published 10 Stocks to Watch as Top Analyst Predicts AI Surge Will Continue Despite Bubble Worries. Star Bulk Carriers Corp (NASDAQ:SBLK) is one of the stocks analysts were recently talking about.

Gilman Hill Asset Management CEO Jenny Harrington explained in a latest program on CNBC why she’s selling SBLK. The analyst said the stock paid “huge” dividends over the past few years and her investment was successful.

“This was such a home run of an investment. We actually had 117% total return in those four years because they were paying out huge, huge, huge dividends. So when we bought it, dry bulk shipping rates were high and the inventory of dry bulk ships was reasonably low. So they were just returning cash flow to the shareholders. They ended up making an acquisition, slightly changing their capital allocation priorities, not having this juicy dividend. And that’s fine. I made my money and then some on it. So I sold it. It’s a source of funds.”

While we acknowledge the potential of SBLK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.