24,947 Shares in Safe Bulkers, Inc. (NYSE:SB) Bought by Ballentine Partners LLC

Ballentine Partners LLC bought a new stake in Safe Bulkers, Inc. (NYSE:SB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,947 shares of the shipping company’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its stake in shares of Safe Bulkers by 27.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,567 shares of the shipping company’s stock worth $149,000 after purchasing an additional 5,572 shares in the last quarter. AQR Capital Management LLC raised its position in Safe Bulkers by 5.5% during the second quarter. AQR Capital Management LLC now owns 280,999 shares of the shipping company’s stock worth $1,635,000 after acquiring an additional 14,589 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in Safe Bulkers by 41.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 126,150 shares of the shipping company’s stock worth $734,000 after acquiring an additional 37,022 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Safe Bulkers in the third quarter valued at $109,000. Finally, nVerses Capital LLC grew its position in shares of Safe Bulkers by 269.0% in the 3rd quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock valued at $55,000 after acquiring an additional 7,800 shares during the period. 21.69% of the stock is currently owned by institutional investors and hedge funds.

Safe Bulkers Trading Down 0.5 %

SB stock opened at $3.39 on Monday. The stock has a market cap of $362.41 million, a price-to-earnings ratio of 3.77 and a beta of 0.93. The company has a fifty day moving average price of $3.69 and a two-hundred day moving average price of $4.44. Safe Bulkers, Inc. has a one year low of $3.31 and a one year high of $6.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 1.34.

Safe Bulkers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 2nd were paid a $0.05 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 5.89%. Safe Bulkers’s dividend payout ratio (DPR) is currently 22.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SB shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a $6.00 target price on shares of Safe Bulkers in a report on Thursday, November 14th. StockNews.com raised Safe Bulkers from a “hold” rating to a “buy” rating in a research report on Monday, January 13th.

Safe Bulkers Profile

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.