Exchange Traded Concepts LLC Makes New $248,000 Investment in Safe Bulkers, Inc (NYSE:SB)

Exchange Traded Concepts LLC acquired a new position in shares of Safe Bulkers, Inc (NYSE:SB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 67,096 shares of the shipping company's stock, valued at approximately $248,000. Exchange Traded Concepts LLC owned about 0.06% of Safe Bulkers as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Graham Capital Management L.P. purchased a new stake in shares of Safe Bulkers in the fourth quarter valued at about $49,000. Foster Group Inc. purchased a new stake in shares of Safe Bulkers in the first quarter valued at about $57,000. ProShare Advisors LLC boosted its holdings in shares of Safe Bulkers by 49.0% in 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 in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Safe Bulkers in the fourth quarter valued at about $64,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Safe Bulkers in the fourth quarter valued at about $84,000. Hedge funds and other institutional investors own 21.69% of the company's stock.

Analyst Upgrades and Downgrades

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

Safe Bulkers Stock Performance

NYSE:SB opened at $3.76 on Monday. The firm has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market cap of $395.40 million, a PE ratio of 5.60 and a beta of 1.21. Safe Bulkers, Inc has a 1-year low of $3.02 and a 1-year high of $6.22.

Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The shipping company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $64.35 million during the quarter, compared to analyst estimates of $57.92 million. Safe Bulkers had a net margin of 27.32% and a return on equity of 7.93%. On average, equities analysts expect 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 was paid on Friday, June 20th. Investors of record on Friday, June 6th were issued a $0.05 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 5.33%. 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.

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