Safe Bulkers, Inc. (NYSE:SB) Stock Holdings Cut by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its position in shares of Safe Bulkers, Inc. (NYSE:SB) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 142,923 shares of the shipping company’s stock after selling 6,644 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.13% of Safe Bulkers worth $740,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SB. nVerses Capital LLC raised its position in Safe Bulkers by 269.0% in the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock worth $55,000 after acquiring an additional 7,800 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Safe Bulkers during the third quarter worth $86,000. Aigen Investment Management LP purchased a new stake in Safe Bulkers during the third quarter valued at about $90,000. Banque Cantonale Vaudoise lifted its holdings in shares of Safe Bulkers by 14.4% in the second quarter. Banque Cantonale Vaudoise now owns 16,863 shares of the shipping company’s stock valued at $98,000 after purchasing an additional 2,129 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of Safe Bulkers in the second quarter worth $104,000. Institutional investors own 21.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SB shares. Jefferies Financial Group reissued a “buy” rating and set a $6.00 price target on shares of Safe Bulkers in a research report on Thursday, November 14th. StockNews.com upgraded Safe Bulkers from a “hold” rating to a “buy” rating in a report on Friday, December 13th.

Safe Bulkers Trading Up 0.3 %

NYSE SB opened at $3.58 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.52. Safe Bulkers, Inc. has a 1-year low of $3.52 and a 1-year high of $6.33. The firm’s fifty day simple moving average is $4.15 and its 200-day simple moving average is $4.90. The company has a market capitalization of $382.27 million, a PE ratio of 3.98 and a beta of 0.91.

Safe Bulkers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 2nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Monday, December 2nd. Safe Bulkers’s dividend payout ratio is presently 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.