Koss Olinger Consulting LLC Has $663,000 Stock Holdings in Safe Bulkers, Inc (NYSE:SB)

Key Points

• Koss Olinger Consulting LLC increased its stake in Safe Bulkers, Inc by 548.6% in Q1, now owning 179,664 shares valued at approximately $663,000.
• Safe Bulkers recently declared a $0.05 quarterly dividend, translating to an annual yield of 4.8% based on a payout ratio of 46.51%.
• Jefferies Financial Group has reaffirmed a "buy" rating on Safe Bulkers, setting a price target of $5.00 per share.

Koss Olinger Consulting LLC boosted its stake in Safe Bulkers, Inc (NYSE:SB - Free Report) by 548.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,664 shares of the shipping company's stock after purchasing an additional 151,964 shares during the quarter. Koss Olinger Consulting LLC owned about 0.17% of Safe Bulkers worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SB. Squarepoint Ops LLC purchased a new position in Safe Bulkers in the 4th quarter worth about $1,000,000. Marshall Wace LLP bought a new position in shares of Safe Bulkers during the 4th quarter valued at approximately $888,000. Mariner LLC boosted its stake in Safe Bulkers by 148.6% in the 4th quarter. Mariner LLC now owns 391,015 shares of the shipping company's stock worth $1,396,000 after purchasing an additional 233,743 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Safe Bulkers in the 4th quarter worth approximately $648,000. Finally, Denali Advisors LLC boosted its position in shares of Safe Bulkers by 25.8% during the 1st quarter. Denali Advisors LLC now owns 870,415 shares of the shipping company's stock valued at $3,212,000 after acquiring an additional 178,646 shares during the last quarter. 21.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Safe Bulkers Trading Up 1.3%

Shares of Safe Bulkers stock traded up $0.06 during trading hours on Tuesday, hitting $4.23. The company's stock had a trading volume of 359,329 shares, compared to its average volume of 421,517. The firm has a fifty day moving average of $3.93 and a 200-day moving average of $3.71. Safe Bulkers, Inc has a twelve month low of $3.02 and a twelve month high of $5.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $432.30 million, a price-to-earnings ratio of 9.83 and a beta of 1.17.

Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The shipping company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $65.75 million during the quarter, compared to analyst estimates of $60.40 million. Safe Bulkers had a net margin of 19.25% and a return on equity of 5.80%. Research analysts forecast that Safe Bulkers, Inc will post 0.62 EPS for the current year.

Safe Bulkers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Thursday, August 21st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, August 21st. Safe Bulkers's dividend payout ratio is 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.