67,096 Shares in Safe Bulkers, Inc (NYSE:SB) Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC acquired a new position in Safe Bulkers, Inc (NYSE:SB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 67,096 shares of the shipping company's stock, valued at approximately $248,000. Exchange Traded Concepts LLC owned 0.06% of Safe Bulkers at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in Safe Bulkers during the 4th quarter valued at approximately $1,000,000. Arrowstreet Capital Limited Partnership lifted its stake in Safe Bulkers by 16.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,796,424 shares of the shipping company's stock valued at $6,413,000 after buying an additional 257,136 shares during the last quarter. Marshall Wace LLP bought a new stake in Safe Bulkers in the fourth quarter valued at $888,000. Mariner LLC boosted its holdings in shares of Safe Bulkers by 148.6% during the fourth quarter. Mariner LLC now owns 391,015 shares of the shipping company's stock valued at $1,396,000 after acquiring an additional 233,743 shares during the period. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Safe Bulkers during the fourth quarter worth about $648,000. Institutional investors own 21.69% of the company's stock.

Analyst Ratings Changes

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

Safe Bulkers Stock Performance

SB traded down $0.03 during trading hours on Thursday, hitting $3.66. The company's stock had a trading volume of 285,041 shares, compared to its average volume of 572,986. The company has a 50-day simple moving average of $3.63 and a 200 day simple moving average of $3.61. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $384.87 million, a PE ratio of 5.46 and a beta of 1.21. Safe Bulkers, Inc has a fifty-two week low of $3.02 and a fifty-two week high of $6.22.

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

Safe Bulkers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $0.20 annualized dividend and a yield of 5.47%. Safe Bulkers's payout ratio is 29.85%.

Safe Bulkers 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.