Safe Bulkers, Inc (NYSE:SB - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.54 and traded as high as $6.72. Safe Bulkers shares last traded at $6.6750, with a volume of 491,330 shares changing hands.
Safe Bulkers Price Performance
The company has a 50 day moving average of $6.39 and a 200-day moving average of $5.54. The firm has a market capitalization of $682.59 million, a P/E ratio of 22.25 and a beta of 0.89. The company has a current ratio of 2.90, a quick ratio of 2.63 and a debt-to-equity ratio of 0.60.
Safe Bulkers (NYSE:SB - Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $72.57 million during the quarter, compared to the consensus estimate of $70.00 million. Safe Bulkers had a return on equity of 4.91% and a net margin of 13.99%.
Safe Bulkers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Monday, March 2nd were paid a $0.05 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.20 annualized dividend and a yield of 3.0%. Safe Bulkers's payout ratio is 66.67%.
Institutional Trading of Safe Bulkers
Large investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Safe Bulkers by 67.0% in the first quarter. AQR Capital Management LLC now owns 68,052 shares of the shipping company's stock valued at $251,000 after purchasing an additional 27,292 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Safe Bulkers by 6.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,630,636 shares of the shipping company's stock valued at $6,017,000 after purchasing an additional 91,662 shares in the last quarter. Empowered Funds LLC raised its stake in Safe Bulkers by 5.4% in the first quarter. Empowered Funds LLC now owns 576,229 shares of the shipping company's stock valued at $2,126,000 after purchasing an additional 29,667 shares in the last quarter. Jane Street Group LLC raised its stake in 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 in the last quarter. Finally, Cetera Investment Advisers acquired a new position in Safe Bulkers in the second quarter valued at about $41,000. 21.69% of the stock is owned by institutional investors and hedge funds.
Safe Bulkers Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
