Safe Bulkers, Inc (NYSE:SB) Shares Bought by Denali Advisors LLC

Denali Advisors LLC boosted its position in Safe Bulkers, Inc (NYSE:SB - Free Report) by 25.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 870,415 shares of the shipping company's stock after buying an additional 178,646 shares during the period. Denali Advisors LLC owned approximately 0.83% of Safe Bulkers worth $3,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in Safe Bulkers by 38.6% in the 4th quarter. Victory Capital Management Inc. now owns 54,812 shares of the shipping company's stock worth $196,000 after purchasing an additional 15,254 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Safe Bulkers in the 4th quarter worth approximately $64,000. Arrowstreet Capital Limited Partnership boosted its position in Safe Bulkers by 16.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,796,424 shares of the shipping company's stock worth $6,413,000 after purchasing an additional 257,136 shares in the last quarter. Franklin Resources Inc. boosted its position in Safe Bulkers by 24.3% in the 4th quarter. Franklin Resources Inc. now owns 102,435 shares of the shipping company's stock worth $366,000 after purchasing an additional 20,018 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in Safe Bulkers by 18.5% in the 4th quarter. Wells Fargo & Company MN now owns 50,794 shares of the shipping company's stock worth $181,000 after purchasing an additional 7,922 shares in the last quarter. Hedge funds and other institutional investors own 21.69% of the company's stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a "buy" rating and set a $5.00 target price on shares of Safe Bulkers in a research report on Tuesday, May 20th.

Safe Bulkers Stock Performance

SB traded up $0.07 during trading on Tuesday, hitting $4.14. 370,197 shares of the stock were exchanged, compared to its average volume of 568,455. The firm has a market capitalization of $435.42 million, a P/E ratio of 6.17 and a beta of 1.17. Safe Bulkers, Inc has a 1-year low of $3.02 and a 1-year high of $5.75. The stock has a fifty day moving average price of $3.80 and a two-hundred day moving average price of $3.64. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.56.

Safe Bulkers (NYSE:SB - Get Free Report) last released its earnings results on Monday, May 19th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. Safe Bulkers had a return on equity of 7.93% and a net margin of 27.32%. The business had revenue of $64.35 million for the quarter, compared to analyst estimates of $57.92 million. As a group, sell-side analysts predict that Safe Bulkers, Inc will post 0.62 earnings per share for the current year.

Safe Bulkers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 4.84%. Safe Bulkers's payout ratio is 29.85%.

Safe Bulkers Company Profile

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.