Walleye Capital LLC purchased a new stake in shares of Safe Bulkers, Inc. (NYSE:SB - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 214,022 shares of the shipping company's stock, valued at approximately $1,109,000. Walleye Capital LLC owned approximately 0.20% of Safe Bulkers at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of SB. Intech Investment Management LLC bought a new position in shares of Safe Bulkers in the 3rd quarter valued at approximately $86,000. Segall Bryant & Hamill LLC acquired a new position in Safe Bulkers during the third quarter valued at approximately $1,480,000. Empowered Funds LLC raised its position in shares of Safe Bulkers by 5.3% in the third quarter. Empowered Funds LLC now owns 519,967 shares of the shipping company's stock valued at $2,693,000 after purchasing an additional 26,398 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Safe Bulkers by 120.5% in the third quarter. Victory Capital Management Inc. now owns 39,558 shares of the shipping company's stock worth $205,000 after buying an additional 21,619 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Safe Bulkers in the third quarter worth $90,000. Institutional investors own 21.69% of the company's stock.
Safe Bulkers Stock Performance
NYSE SB traded down $0.02 during trading on Friday, hitting $3.84. The company's stock had a trading volume of 1,006,693 shares, compared to its average volume of 675,328. Safe Bulkers, Inc. has a 52 week low of $3.62 and a 52 week high of $6.33. The firm has a market cap of $410.03 million, a P/E ratio of 4.27 and a beta of 0.91. The firm has a 50 day moving average price of $4.36 and a 200 day moving average price of $5.00. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.52.
Safe Bulkers Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 2nd will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.20 annualized dividend and a yield of 5.21%. Safe Bulkers's dividend payout ratio is 22.22%.
Analyst Ratings Changes
A number of research firms recently issued reports on SB. StockNews.com lowered shares of Safe Bulkers from a "buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $6.00 price target on shares of Safe Bulkers in a research report on Thursday, November 14th.
Get Our Latest Stock Report on Safe Bulkers
About Safe Bulkers
(
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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