Private equity's Oaktree Capital Management has cashed in another chunk of its Eagle Bulk Shipping shareholding to the tune of a $5.23m payout, although the divestment remains minor in comparison to its total stake.
Oaktree sold more than 138,000 shares in three batches from 16 March to 18 March at between $37.53 and $38.18 per share.
This follows on from the investor's previous report on 18 March that it sold 136,000 shares for proceeds of more than $4m.
