Squarepoint Ops LLC purchased a new position in shares of Safe Bulkers, Inc. (NYSE:SB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 280,135 shares of the shipping company's stock, valued at approximately $1,000,000. Squarepoint Ops LLC owned approximately 0.26% of Safe Bulkers at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in SB. Graham Capital Management L.P. acquired a new position in shares of Safe Bulkers during the fourth quarter worth $49,000. ProShare Advisors LLC raised its stake in shares of Safe Bulkers by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 17,008 shares of the shipping company's stock valued at $61,000 after acquiring an additional 5,596 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Safe Bulkers during the fourth quarter valued at $64,000. Two Sigma Securities LLC acquired a new position in shares of Safe Bulkers during the fourth quarter worth $84,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Safe Bulkers in the fourth quarter worth $86,000. 21.69% of the stock is owned by institutional investors.
Safe Bulkers Trading Down 0.5%
NYSE SB traded down $0.02 during mid-day trading on Wednesday, reaching $3.80. 437,403 shares of the stock were exchanged, compared to its average volume of 581,982. The stock has a market cap of $400.14 million, a P/E ratio of 4.58 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.91 and a quick ratio of 1.34. Safe Bulkers, Inc. has a one year low of $3.02 and a one year high of $6.33. The stock has a 50 day simple moving average of $3.50 and a 200-day simple moving average of $3.63.
Safe Bulkers (NYSE:SB - Get Free Report) last released its earnings results on Monday, May 19th. The shipping company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. The business had revenue of $64.35 million during the quarter, compared to analysts' expectations of $57.92 million. On average, analysts anticipate that Safe Bulkers, Inc. will post 0.62 EPS for the current year.
Safe Bulkers Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.26%. The ex-dividend date is Friday, June 6th. Safe Bulkers's dividend payout ratio is presently 29.85%.
Analyst Ratings Changes
Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a $5.00 target price on shares of Safe Bulkers in a report on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on Safe Bulkers
Safe Bulkers Company Profile
(
Free Report)
Safe Bulkers, Inc, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons.
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