Safe Bulkers, Inc (NYSE:SB - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.60 and traded as high as $3.70. Safe Bulkers shares last traded at $3.64, with a volume of 385,417 shares traded.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group restated a "buy" rating and issued a $5.00 price objective on shares of Safe Bulkers in a research report on Tuesday, May 20th.
Get Our Latest Analysis on SB
Safe Bulkers Trading Up 0.4%
The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $394.45 million, a price-to-earnings ratio of 5.59 and a beta of 1.17. The company has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $3.60.
Safe Bulkers (NYSE:SB - Get Free Report) last announced its earnings results on Monday, May 19th. The shipping company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. Safe Bulkers had a return on equity of 7.93% and a net margin of 27.32%. The business had revenue of $64.35 million during the quarter, compared to the consensus estimate of $57.92 million. On average, research analysts forecast that Safe Bulkers, Inc will post 0.62 EPS for the current year.
Safe Bulkers Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, June 6th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, June 6th. Safe Bulkers's dividend payout ratio is currently 29.85%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new position in Safe Bulkers in the 1st quarter valued at $49,000. Graham Capital Management L.P. acquired a new position in Safe Bulkers in the 4th quarter valued at $49,000. Foster Group Inc. acquired a new position in Safe Bulkers in the 1st quarter valued at $57,000. Mraz Amerine & Associates Inc. raised its stake in Safe Bulkers by 23.6% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 16,500 shares of the shipping company's stock valued at $62,000 after purchasing an additional 3,155 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in Safe Bulkers by 49.0% in 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 last quarter. 21.69% of the stock is owned by institutional investors and hedge funds.
Safe Bulkers Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Safe Bulkers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Safe Bulkers wasn't on the list.
While Safe Bulkers currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
