Safe Bulkers, Inc (NYSE:SB - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.71 and last traded at $6.7050, with a volume of 147430 shares changing hands. The stock had previously closed at $6.53.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Safe Bulkers in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.00.
Check Out Our Latest Stock Report on Safe Bulkers
Safe Bulkers Trading Up 1.6%
The company has a 50-day simple moving average of $6.26 and a 200-day simple moving average of $5.37. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.63 and a current ratio of 2.90. The stock has a market cap of $678.50 million, a P/E ratio of 22.15 and a beta of 1.08.
Safe Bulkers (NYSE:SB - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Safe Bulkers had a return on equity of 4.91% and a net margin of 13.99%.The firm had revenue of $72.57 million during the quarter, compared to the consensus estimate of $70.00 million. On average, sell-side analysts forecast that Safe Bulkers, Inc will post 0.62 EPS for the current fiscal year.
Safe Bulkers Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Monday, March 2nd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, March 2nd. Safe Bulkers's payout ratio is 66.67%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SB. Fearnley Asset Management AS bought a new position in Safe Bulkers in the 4th quarter worth approximately $5,112,000. Goldman Sachs Group Inc. boosted its holdings in Safe Bulkers by 30.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,651,114 shares of the shipping company's stock valued at $12,778,000 after acquiring an additional 617,711 shares during the last quarter. Millennium Management LLC bought a new position in Safe Bulkers in the fourth quarter valued at about $1,571,000. Boothbay Fund Management LLC bought a new position in Safe Bulkers in the third quarter valued at about $629,000. Finally, UBS Group AG boosted its holdings in Safe Bulkers by 17.3% in the fourth quarter. UBS Group AG now owns 806,379 shares of the shipping company's stock valued at $3,887,000 after acquiring an additional 118,681 shares during the last quarter. Institutional investors own 21.69% of the company's stock.
About Safe Bulkers
(
Get Free Report)
Safe Bulkers Inc NYSE: SB is a dry bulk shipping company engaged in the ocean transport of commodities such as iron ore, coal, grain, and fertilizers. The company operates a modern fleet of vessels, including Panamax, Supramax and Kamsarmax bulk carriers, designed to serve a variety of trade routes and cargo types. Safe Bulkers’ fleet is employed under both time charter and voyage charter arrangements, offering flexibility to respond to market demand and optimize vessel utilization.
Founded in 2008, Safe Bulkers began trading its shares on the New York Stock Exchange in the same year, establishing itself as a publicly listed provider of dry bulk transportation services.
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