GSA Capital Partners LLP Has $533,000 Stock Holdings in Safe Bulkers, Inc (NYSE:SB)

GSA Capital Partners LLP increased its holdings in shares of Safe Bulkers, Inc (NYSE:SB - Free Report) by 150.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,374 shares of the shipping company's stock after purchasing an additional 86,673 shares during the quarter. GSA Capital Partners LLP owned 0.14% of Safe Bulkers worth $533,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of SB. New York State Common Retirement Fund grew its stake in shares of Safe Bulkers by 14.0% during 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. Exchange Traded Concepts LLC bought a new position in shares of Safe Bulkers during the 1st quarter worth approximately $248,000. Millennium Management LLC grew its stake in shares of Safe Bulkers by 128.7% during the 4th quarter. Millennium Management LLC now owns 288,541 shares of the shipping company's stock worth $1,030,000 after acquiring an additional 162,351 shares in the last quarter. Northern Trust Corp grew its stake in shares of Safe Bulkers by 23.6% during the 4th quarter. Northern Trust Corp now owns 490,911 shares of the shipping company's stock worth $1,753,000 after acquiring an additional 93,777 shares in the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of Safe Bulkers by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 17,008 shares of the shipping company's stock worth $61,000 after acquiring an additional 5,596 shares in the last quarter. 21.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Safe Bulkers Stock Up 2.3%

Shares of NYSE:SB traded up $0.10 during midday trading on Friday, hitting $4.24. The stock had a trading volume of 160,578 shares, compared to its average volume of 528,810. Safe Bulkers, Inc has a 12 month low of $3.02 and a 12 month 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 business's 50-day simple moving average is $3.91 and its 200-day simple moving average is $3.69. The company has a market cap of $433.33 million, a P/E ratio of 9.87 and a beta of 1.17.

Safe Bulkers (NYSE:SB - Get Free Report) last released its earnings results on Tuesday, July 29th. The shipping company reported $0.01 earnings per share 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 firm had revenue of $65.75 million during the quarter, compared to the consensus estimate of $60.40 million. On average, sell-side analysts forecast that Safe Bulkers, Inc will post 0.62 earnings per share for the current fiscal year.

Safe Bulkers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.20 annualized dividend and a yield of 4.7%. Safe Bulkers's dividend payout ratio (DPR) is currently 46.51%.

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.