1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership boosted its position in shares of Safe Bulkers, Inc. ( NYSE:SB – Free Report ) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC.
The fund owned 1,796,424 shares of the shipping company’s stock after acquiring an additional 257,136 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.68% of Safe Bulkers worth $6,413,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in shares of Safe Bulkers during the 4th quarter worth $64,000. Intech Investment Management LLC purchased a new position in Safe Bulkers during the third quarter valued at $86,000.
Sage Investment Counsel LLC bought a new stake in Safe Bulkers during the fourth quarter valued at about $89,000. Ballentine Partners LLC purchased a new stake in Safe Bulkers in the fourth quarter worth about $89,000. Finally, SG Americas Securities LLC raised its stake in shares of Safe Bulkers by 19.
6% in the fourth quarter. SG Americas Securities LLC now owns 25,204 shares of the shipping company’s stock worth $90,000 after buying an additional 4,122 shares during the period. Institutional investors own 21.
69% of the company’s stock. Analyst Ratings Changes A number of equities research analysts have commented on the stock. StockNews.
com cut shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Loop Capital set a $4.20 price objective on shares of Safe Bulkers in a research report on Monday, January 27th.
DNB Markets raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 target price for the company in a report on Monday, January 27th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $6.
00 price target on shares of Safe Bulkers in a report on Wednesday, February 19th. Safe Bulkers Trading Down 0.2 % Shares of SB opened at $3.
23 on Tuesday. The firm has a market cap of $339.59 million, a P/E ratio of 3.
89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.
58, a current ratio of 1.91 and a quick ratio of 1.34.
Safe Bulkers, Inc. has a 1 year low of $3.10 and a 1 year high of $6.
33. The company has a 50 day simple moving average of $3.69 and a two-hundred day simple moving average of $3.
95. Safe Bulkers ( NYSE:SB – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 18th. The shipping company reported $0.
15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01.
Safe Bulkers had a net margin of 31.65% and a return on equity of 10.04%.
The company had revenue of $69.16 million for the quarter, compared to the consensus estimate of $71.90 million.
On average, equities analysts expect that Safe Bulkers, Inc. will post 0.62 earnings per share for the current fiscal year.
Safe Bulkers Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 3rd were paid a dividend of $0.05 per share.
This represents a $0.20 dividend on an annualized basis and a yield of 6.20%.
The ex-dividend date of this dividend was Monday, March 3rd. Safe Bulkers’s payout ratio is presently 24.10%.
Safe Bulkers Company Profile ( 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.
Further Reading Want to see what other hedge funds are holding SB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safe Bulkers, Inc. ( NYSE:SB – Free Report ).
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