88,000 Shares in Safe Bulkers, Inc. (NYSE:SB) Purchased by Walleye Capital LLC

Walleye Capital LLC acquired a new position in Safe Bulkers, Inc. (NYSE:SBGet Rating) during the 1st quarter, HoldingsChannel reports. The fund acquired 88,000 shares of the shipping company’s stock, valued at approximately $419,000.

Several other institutional investors also recently bought and sold shares of SB. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Safe Bulkers during the 1st quarter worth approximately $2,506,000. JPMorgan Chase & Co. boosted its holdings in shares of Safe Bulkers by 514.2% during the 1st quarter. JPMorgan Chase & Co. now owns 583,167 shares of the shipping company’s stock worth $2,776,000 after purchasing an additional 488,221 shares during the last quarter. Harvey Capital Management Inc. acquired a new position in shares of Safe Bulkers during the 1st quarter worth approximately $2,250,000. Acadian Asset Management LLC boosted its holdings in shares of Safe Bulkers by 16.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,246,544 shares of the shipping company’s stock worth $15,431,000 after purchasing an additional 452,602 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Safe Bulkers by 12.1% during the 1st quarter. Renaissance Technologies LLC now owns 4,107,086 shares of the shipping company’s stock valued at $19,550,000 after buying an additional 442,400 shares during the period. 27.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on shares of Safe Bulkers in a research report on Wednesday, July 20th. They set a “buy” rating and a $5.00 price target on the stock.

Safe Bulkers Stock Down 3.0 %

SB stock opened at $2.92 on Friday. The firm has a market cap of $355.19 million, a PE ratio of 1.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50 day moving average price is $3.48 and its 200-day moving average price is $3.98. Safe Bulkers, Inc. has a one year low of $2.89 and a one year high of $5.44.

Safe Bulkers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 22nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend was Friday, August 19th. Safe Bulkers’s payout ratio is 12.27%.

Safe Bulkers Company Profile

(Get Rating)

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. As of March 18, 2022, the company had a fleet of 40 drybulk vessels having an average age of 10.4 years; and an aggregate carrying capacity of 3,925,500 deadweight tons.

See Also

Want to see what other hedge funds are holding SB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Safe Bulkers, Inc. (NYSE:SBGet Rating).

Institutional Ownership by Quarter for Safe Bulkers (NYSE:SB)

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