LSV Asset Management Has $5.90 Million Position in Safe Bulkers, Inc. (NYSE:SB)

LSV Asset Management decreased its stake in Safe Bulkers, Inc. (NYSE:SB - Free Report) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,652,918 shares of the shipping company's stock after selling 119,900 shares during the quarter. LSV Asset Management owned 1.55% of Safe Bulkers worth $5,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in Safe Bulkers by 1.0% during the 4th quarter. Renaissance Technologies LLC now owns 3,306,479 shares of the shipping company's stock worth $11,804,000 after buying an additional 32,293 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Safe Bulkers by 16.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,796,424 shares of the shipping company's stock valued at $6,413,000 after purchasing an additional 257,136 shares during the period. State Street Corp increased its stake in Safe Bulkers by 1.8% during the 3rd quarter. State Street Corp now owns 1,653,002 shares of the shipping company's stock worth $8,563,000 after purchasing an additional 29,178 shares in the last quarter. Denali Advisors LLC raised its holdings in Safe Bulkers by 12.2% during the 4th quarter. Denali Advisors LLC now owns 691,769 shares of the shipping company's stock worth $2,470,000 after buying an additional 75,200 shares during the period. Finally, Empowered Funds LLC lifted its stake in Safe Bulkers by 5.1% in the fourth quarter. Empowered Funds LLC now owns 546,562 shares of the shipping company's stock valued at $1,951,000 after buying an additional 26,595 shares in the last quarter. Institutional investors own 21.69% of the company's stock.

Analyst Ratings Changes

SB has been the subject of several research reports. Loop Capital set a $4.20 price objective on shares of Safe Bulkers in a research report on Monday, January 27th. DNB Markets raised Safe Bulkers from a "hold" rating to a "buy" rating and set a $4.20 price target on the stock in a research note on Monday, January 27th. Jefferies Financial Group restated a "buy" rating and issued a $6.00 price target on shares of Safe Bulkers in a report on Wednesday, February 19th. Finally, StockNews.com downgraded Safe Bulkers from a "buy" rating to a "hold" rating in a report on Monday, January 27th.

Safe Bulkers Stock Down 0.2 %

Shares of NYSE:SB traded down $0.01 during midday trading on Friday, reaching $3.31. The company had a trading volume of 374,814 shares, compared to its average volume of 616,302. Safe Bulkers, Inc. has a 1-year low of $3.02 and a 1-year high of $6.33. The stock has a market cap of $348.02 million, a PE ratio of 3.98 and a beta of 0.92. The company has a quick ratio of 1.34, a current ratio of 1.91 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $3.62 and its 200 day moving average price is $3.84.

Safe Bulkers (NYSE:SB - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The shipping company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. The company had revenue of $69.16 million during the quarter, compared to the consensus estimate of $71.90 million. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. Research analysts forecast that Safe Bulkers, Inc. will post 0.62 EPS for the current fiscal year.

Safe Bulkers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 6.05%. Safe Bulkers's payout ratio is 24.10%.

About Safe Bulkers

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.