nVerses Capital LLC Buys 7,800 Shares of Safe Bulkers, Inc. (NYSE:SB)

nVerses Capital LLC grew its stake in shares of Safe Bulkers, Inc. (NYSE:SB) by 269.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 10,700 shares of the shipping company’s stock after buying an additional 7,800 shares during the period. nVerses Capital LLC’s holdings in Safe Bulkers were worth $55,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Banque Cantonale Vaudoise boosted its stake in Safe Bulkers by 14.4% during the second quarter. Banque Cantonale Vaudoise now owns 16,863 shares of the shipping company’s stock worth $98,000 after buying an additional 2,129 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Safe Bulkers by 26.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,945 shares of the shipping company’s stock worth $99,000 after acquiring an additional 4,129 shares during the period. Victory Capital Management Inc. acquired a new stake in shares of Safe Bulkers during the 2nd quarter valued at about $104,000. SG Americas Securities LLC bought a new stake in Safe Bulkers in the third quarter valued at about $109,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in Safe Bulkers in the first quarter worth about $135,000. Institutional investors own 21.69% of the company’s stock.

Safe Bulkers Stock Down 1.3 %

Shares of SB opened at $4.39 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $4.87 and a two-hundred day moving average price of $5.23. The stock has a market cap of $468.72 million, a price-to-earnings ratio of 5.49 and a beta of 0.92. Safe Bulkers, Inc. has a 12 month low of $3.10 and a 12 month high of $6.33.

Safe Bulkers (NYSE:SB) last posted its earnings results on Monday, July 29th. The shipping company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Safe Bulkers had a return on equity of 10.78% and a net margin of 31.11%. The company had revenue of $78.55 million for the quarter, compared to the consensus estimate of $69.16 million. During the same quarter last year, the business earned $0.12 EPS. Equities analysts predict that Safe Bulkers, Inc. will post 0.86 EPS for the current fiscal year.

Safe Bulkers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Wednesday, August 21st. Safe Bulkers’s payout ratio is 25.00%.

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.