Tananbaum’s GoldenTree Asset Management has taken an additional $4.25m shares in the bulker owner, an SEC filing showed last week.
His latest 500,000 shares addition takes his Eagle stake to 5.94 million shares.
Based on the last purchase price his entire holding is worth just over $50m.
GoldenTree is perhaps best known in shipping as one of the key investors behind the rapid growth undertaken by Euronav after it teamed with Tananbaum and York Capital in late 2013.
