Two Sigma Investments LP Sells 318,353 Shares of Safe Bulkers, Inc. (NYSE:SB)

Two Sigma Investments LP reduced its position in Safe Bulkers, Inc. (NYSE:SB - Free Report) by 66.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,186 shares of the shipping company's stock after selling 318,353 shares during the period. Two Sigma Investments LP owned about 0.15% of Safe Bulkers worth $572,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new position in Safe Bulkers in the 4th quarter worth about $49,000. ProShare Advisors LLC boosted its stake in Safe Bulkers by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 17,008 shares of the shipping company's stock valued at $61,000 after purchasing an additional 5,596 shares during the period. New Age Alpha Advisors LLC bought a new stake in Safe Bulkers during the 4th quarter valued at approximately $64,000. Two Sigma Securities LLC bought a new stake in Safe Bulkers during the 4th quarter valued at approximately $84,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Safe Bulkers during the 4th quarter valued at approximately $86,000. 21.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Safe Bulkers Price Performance

Shares of SB traded up $0.08 during mid-day trading on Wednesday, reaching $3.88. The company had a trading volume of 542,456 shares, compared to its average volume of 576,031. The company's 50-day moving average is $3.51 and its 200-day moving average is $3.61. Safe Bulkers, Inc. has a twelve month low of $3.02 and a twelve month high of $6.22. The company has a market capitalization of $408.04 million, a P/E ratio of 4.67 and a beta of 1.21. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.91 and a quick ratio of 1.34.

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 for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. The firm had revenue of $64.35 million during the quarter, compared to analysts' expectations of $57.92 million. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. On average, equities analysts anticipate that Safe Bulkers, Inc. will post 0.62 EPS for the current year.

Safe Bulkers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be given a $0.05 dividend. The ex-dividend date is Friday, June 6th. This represents a $0.20 dividend on an annualized basis and a yield of 5.16%. 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.