Harvey Capital Management Inc. decreased its stake in Safe Bulkers, Inc. (NYSE:SB - Free Report) by 93.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the shipping company's stock after selling 429,429 shares during the period. Harvey Capital Management Inc.'s holdings in Safe Bulkers were worth $155,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SB. nVerses Capital LLC raised its stake in shares of Safe Bulkers by 269.0% during the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company's stock valued at $55,000 after acquiring an additional 7,800 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Safe Bulkers by 14.4% during the second quarter. Banque Cantonale Vaudoise now owns 16,863 shares of the shipping company's stock valued at $98,000 after acquiring an additional 2,129 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Safe Bulkers by 26.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,945 shares of the shipping company's stock worth $99,000 after buying an additional 4,129 shares during the last quarter. Victory Capital Management Inc. bought a new position in Safe Bulkers during the second quarter worth $104,000. Finally, SG Americas Securities LLC bought a new position in Safe Bulkers during the third quarter worth $109,000. Institutional investors own 21.69% of the company's stock.
Safe Bulkers Price Performance
NYSE SB remained flat at $4.19 during mid-day trading on Friday. 386,317 shares of the company were exchanged, compared to its average volume of 528,541. Safe Bulkers, Inc. has a fifty-two week low of $3.12 and a fifty-two week high of $6.33. The company has a 50 day moving average of $4.74 and a 200 day moving average of $5.19. The stock has a market cap of $447.37 million, a PE ratio of 5.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.11 and a current ratio of 2.11.
Safe Bulkers Profile
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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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