Safe Bulkers, Inc (NYSE:SB - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reaffirmed a "buy" rating and set a $5.00 target price on shares of Safe Bulkers in a research report on Tuesday, May 20th.
Read Our Latest Analysis on Safe Bulkers
Safe Bulkers Stock Performance
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 company has a 50 day simple moving average of $3.79 and a two-hundred day simple moving average of $3.63. The firm has a market cap of $434.89 million, a PE ratio of 6.16 and a beta of 1.17.
Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The shipping company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $64.35 million for the quarter, compared to the consensus estimate of $57.92 million. Safe Bulkers had a return on equity of 7.93% and a net margin of 27.32%. Analysts expect that Safe Bulkers, Inc will post 0.62 EPS for the current fiscal year.
Safe Bulkers Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were paid a $0.05 dividend. The ex-dividend date was Friday, June 6th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.84%. Safe Bulkers's payout ratio is 29.85%.
Institutional Trading of Safe Bulkers
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Regatta Capital Group LLC purchased a new position in Safe Bulkers during the second quarter worth approximately $36,000. Aigen Investment Management LP purchased a new position in shares of Safe Bulkers in the first quarter valued at approximately $49,000. Graham Capital Management L.P. purchased a new position in shares of Safe Bulkers in the fourth quarter valued at approximately $49,000. Foster Group Inc. purchased a new position in shares of Safe Bulkers in the first quarter valued at approximately $57,000. Finally, Mraz Amerine & Associates Inc. lifted its position 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 valued at $62,000 after acquiring an additional 3,155 shares in the last quarter. 21.69% of the stock is owned by institutional investors and hedge funds.
About Safe Bulkers
(
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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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