BlueMountain Capital Management has continued to buy up Scorpio Bulkers stock, although its stake has still decreased as a result of a rising overall share count.
Blue Mountain Credit Alternatives Master Fund said today that it owns 8.28 million shares, or about 4.6% of Scorpio Bulkers. The remaining shares are divided among seven other funds.
Scorpio Bulkers owns 6 bulkers, charters in another 17 and has 68 bulkers and 6 tankers on order.
Dry Bulk Shipping News - Shipbroker Notes