Tidal Investments LLC Has $252,000 Stock Holdings in Safe Bulkers, Inc. (NYSE:SB)

Tidal Investments LLC reduced its position in shares of Safe Bulkers, Inc. (NYSE:SB - Free Report) by 75.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,675 shares of the shipping company's stock after selling 150,354 shares during the quarter. Tidal Investments LLC's holdings in Safe Bulkers were worth $252,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Acadian Asset Management LLC lifted its position in shares of Safe Bulkers by 20.0% in the second quarter. Acadian Asset Management LLC now owns 2,278,803 shares of the shipping company's stock worth $13,251,000 after purchasing an additional 380,270 shares in the last quarter. American Century Companies Inc. lifted its position in Safe Bulkers by 9.8% in the 2nd quarter. American Century Companies Inc. now owns 1,765,187 shares of the shipping company's stock worth $10,273,000 after buying an additional 157,163 shares in the last quarter. State Street Corp boosted its stake in shares of Safe Bulkers by 1.8% during the 3rd quarter. State Street Corp now owns 1,653,002 shares of the shipping company's stock valued at $8,563,000 after buying an additional 29,178 shares during the period. LSV Asset Management grew its holdings in shares of Safe Bulkers by 440.7% during the 2nd quarter. LSV Asset Management now owns 552,357 shares of the shipping company's stock valued at $3,215,000 after acquiring an additional 450,209 shares in the last quarter. Finally, Empowered Funds LLC increased its stake 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 worth $2,693,000 after acquiring an additional 26,398 shares during the last quarter. Hedge funds and other institutional investors own 21.69% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SB shares. Jefferies Financial Group reissued a "buy" rating and set a $6.00 price objective on shares of Safe Bulkers in a research report on Thursday, November 14th. StockNews.com lowered Safe Bulkers from a "buy" rating to a "hold" rating in a report on Saturday, December 21st.

Safe Bulkers Price Performance

Shares of SB remained flat at $3.64 during mid-day trading on Thursday. 461,828 shares of the stock traded hands, compared to its average volume of 675,445. Safe Bulkers, Inc. has a 52 week low of $3.40 and a 52 week high of $6.33. The firm's fifty day simple moving average is $4.05 and its two-hundred day simple moving average is $4.81. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $388.67 million, a PE ratio of 4.04 and a beta of 0.91.

Safe Bulkers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Monday, December 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 5.49%. Safe Bulkers's payout ratio is currently 22.22%.

About Safe Bulkers

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.