Safe Bulkers (NYSE:SB - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Monday.
Other research analysts also recently issued research reports about the company. DNB Markets raised Safe Bulkers from a "hold" rating to a "buy" rating and set a $4.20 price objective on the stock in a research note on Monday. Jefferies Financial Group restated a "buy" rating and set a $6.00 target price on shares of Safe Bulkers in a research note on Thursday, November 14th.
Get Our Latest Stock Analysis on Safe Bulkers
Safe Bulkers Stock Performance
Shares of NYSE:SB traded up $0.10 during midday trading on Monday, hitting $3.48. The company had a trading volume of 914,921 shares, compared to its average volume of 640,308. Safe Bulkers has a 12-month low of $3.31 and a 12-month high of $6.33. The company has a fifty day moving average of $3.69 and a two-hundred day moving average of $4.44. The company has a market cap of $371.05 million, a price-to-earnings ratio of 3.86 and a beta of 0.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 1.34.
Institutional Trading of Safe Bulkers
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC boosted its holdings in shares of Safe Bulkers by 269.0% during the 3rd quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company's stock valued at $55,000 after purchasing an additional 7,800 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Safe Bulkers in the third quarter worth about $86,000. Aigen Investment Management LP purchased a new stake in shares of Safe Bulkers in the third quarter worth about $90,000. Verition Fund Management LLC boosted its stake in Safe Bulkers by 27.0% during the third quarter. Verition Fund Management LLC now owns 18,400 shares of the shipping company's stock valued at $95,000 after buying an additional 3,913 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Safe Bulkers during the 3rd quarter valued at approximately $109,000. Institutional investors own 21.69% of the company's stock.
About Safe Bulkers
(
Get 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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