GSA Capital Partners LLP lifted its stake in Safe Bulkers, Inc (NYSE:SB - Free Report) by 150.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,374 shares of the shipping company's stock after acquiring an additional 86,673 shares during the period. GSA Capital Partners LLP owned 0.14% of Safe Bulkers worth $533,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Denali Advisors LLC raised its position in shares of Safe Bulkers by 25.8% in the 1st quarter. Denali Advisors LLC now owns 870,415 shares of the shipping company's stock worth $3,212,000 after acquiring an additional 178,646 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Safe Bulkers by 14.0% in the 1st quarter. New York State Common Retirement Fund now owns 243,159 shares of the shipping company's stock worth $897,000 after acquiring an additional 29,800 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Safe Bulkers by 24.7% in the 1st quarter. Ballentine Partners LLC now owns 31,118 shares of the shipping company's stock worth $115,000 after acquiring an additional 6,171 shares in the last quarter. Mraz Amerine & Associates Inc. raised its position in shares of Safe Bulkers by 23.6% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 16,500 shares of the shipping company's stock worth $62,000 after acquiring an additional 3,155 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Safe Bulkers by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 167,314 shares of the shipping company's stock valued at $617,000 after buying an additional 10,254 shares in the last quarter. 21.69% of the stock is owned by institutional investors.
Safe Bulkers Stock Performance
SB opened at $4.09 on Tuesday. Safe Bulkers, Inc has a 52-week low of $3.02 and a 52-week high of $5.24. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.60. The company has a market cap of $417.98 million, a P/E ratio of 9.50 and a beta of 1.17. The firm's 50-day moving average price is $3.88 and its 200-day moving average price is $3.68.
Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The shipping company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.07). Safe Bulkers had a net margin of 19.25% and a return on equity of 5.80%. The company had revenue of $65.75 million for the quarter, compared to analyst estimates of $60.40 million. As a group, equities analysts anticipate that Safe Bulkers, Inc will post 0.62 EPS for the current fiscal year.
Safe Bulkers Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.9%. The ex-dividend date is Thursday, August 21st. Safe Bulkers's payout ratio is presently 46.51%.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reissued a "buy" rating and issued a $5.00 price target on shares of Safe Bulkers in a report on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on SB
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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