Safe Bulkers, Inc. (NYSE:SB) Position Boosted by Denali Advisors LLC

Denali Advisors LLC increased its position in shares of Safe Bulkers, Inc. (NYSE:SB - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 691,769 shares of the shipping company's stock after purchasing an additional 75,200 shares during the period. Denali Advisors LLC owned approximately 0.65% of Safe Bulkers worth $2,470,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SB. Segall Bryant & Hamill LLC purchased a new stake in shares of Safe Bulkers in the 3rd quarter worth about $1,480,000. Walleye Capital LLC acquired a new stake in shares of Safe Bulkers in the third quarter valued at approximately $1,109,000. Public Employees Retirement System of Ohio purchased a new position in shares of Safe Bulkers during the 3rd quarter worth approximately $492,000. Barclays PLC raised its position in shares of Safe Bulkers by 83.4% during the 3rd quarter. Barclays PLC now owns 125,238 shares of the shipping company's stock worth $648,000 after purchasing an additional 56,946 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Safe Bulkers by 107.0% during the 3rd quarter. Franklin Resources Inc. now owns 82,417 shares of the shipping company's stock worth $427,000 after purchasing an additional 42,598 shares during the last quarter. 21.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SB has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a "buy" rating and set a $6.00 target price on shares of Safe Bulkers in a report on Wednesday, February 19th. StockNews.com cut Safe Bulkers from a "buy" rating to a "hold" rating in a research report on Monday, January 27th. Loop Capital set a $4.20 target price on shares of Safe Bulkers in a report on Monday, January 27th. Finally, DNB Markets raised shares of Safe Bulkers from a "hold" rating to a "buy" rating and set a $4.20 price target on the stock in a research note on Monday, January 27th.

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Safe Bulkers Trading Down 0.4 %

Shares of NYSE:SB traded down $0.02 during midday trading on Friday, reaching $3.74. The company's stock had a trading volume of 579,254 shares, compared to its average volume of 679,235. The firm has a market cap of $393.30 million, a price-to-earnings ratio of 4.50 and a beta of 0.90. The business has a 50 day moving average price of $3.58 and a 200 day moving average price of $4.17. Safe Bulkers, Inc. has a 1 year low of $3.31 and a 1 year high of $6.33. The company has a quick ratio of 1.34, a current ratio of 1.91 and a debt-to-equity ratio of 0.58.

Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The shipping company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.01. The company had revenue of $69.16 million during the quarter, compared to the consensus estimate of $71.90 million. Safe Bulkers had a net margin of 31.65% and a return on equity of 10.04%. Research analysts forecast that Safe Bulkers, Inc. will post 0.62 EPS for the current year.

Safe Bulkers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.35%. Safe Bulkers's dividend payout ratio (DPR) is presently 24.10%.

Safe Bulkers Profile

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.