Safe Bulkers, Inc (NYSE:SB - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.62 and traded as high as $4.07. Safe Bulkers shares last traded at $4.05, with a volume of 320,649 shares traded.
Analyst Ratings Changes
Separately, Jefferies Financial Group reissued a "buy" rating and issued a $5.00 target price on shares of Safe Bulkers in a research note on Tuesday, May 20th.
Read Our Latest Analysis on SB
Safe Bulkers Price Performance
The company has a debt-to-equity ratio of 0.56, a current ratio of 1.74 and a quick ratio of 1.74. The company has a 50 day moving average of $3.78 and a 200-day moving average of $3.63. The company has a market capitalization of $434.89 million, a P/E ratio of 6.16 and a beta of 1.17.
Safe Bulkers (NYSE:SB - Get Free Report) last released its earnings results on Monday, May 19th. The shipping company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The firm had revenue of $64.35 million during the quarter, compared to analyst estimates of $57.92 million. Safe Bulkers had a net margin of 27.32% and a return on equity of 7.93%. As a group, equities analysts anticipate that Safe Bulkers, Inc will post 0.62 EPS for the current year.
Safe Bulkers Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date was Friday, June 6th. Safe Bulkers's payout ratio is 29.85%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Aristides Capital LLC grew its stake in Safe Bulkers by 7.3% in the 1st quarter. Aristides Capital LLC now owns 45,344 shares of the shipping company's stock worth $167,000 after acquiring an additional 3,104 shares in the last quarter. Mraz Amerine & Associates Inc. raised its holdings in shares of Safe Bulkers by 23.6% in the first quarter. Mraz Amerine & Associates Inc. now owns 16,500 shares of the shipping company's stock worth $62,000 after buying an additional 3,155 shares during the last quarter. Algert Global LLC raised its holdings in shares of Safe Bulkers by 13.6% during the first quarter. Algert Global LLC now owns 28,862 shares of the shipping company's stock worth $107,000 after purchasing an additional 3,459 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Safe Bulkers by 23.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,293 shares of the shipping company's stock valued at $87,000 after buying an additional 4,680 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Safe Bulkers by 3.7% in the first quarter. Jane Street Group LLC now owns 135,870 shares of the shipping company's stock valued at $501,000 after purchasing an additional 4,836 shares during the period. Hedge funds and other institutional investors own 21.69% of the company's stock.
About Safe Bulkers
(
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.
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