Bleakley Financial Group LLC Sells 3,207 Shares of Safe Bulkers, Inc. (NYSE:SB)

Bleakley Financial Group LLC lowered its position in Safe Bulkers, Inc. (NYSE:SB) by 15.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,305 shares of the shipping company’s stock after selling 3,207 shares during the period. Bleakley Financial Group LLC’s holdings in Safe Bulkers were worth $62,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SB. Cubist Systematic Strategies LLC grew its position in Safe Bulkers by 27.9% during the second quarter. Cubist Systematic Strategies LLC now owns 25,567 shares of the shipping company’s stock valued at $149,000 after buying an additional 5,572 shares during the period. SG Americas Securities LLC purchased a new position in shares of Safe Bulkers during the 3rd quarter worth $109,000. nVerses Capital LLC grew its position in shares of Safe Bulkers by 269.0% during 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. Wealth Enhancement Advisory Services LLC increased its stake in shares of Safe Bulkers by 10.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 112,485 shares of the shipping company’s stock worth $583,000 after purchasing an additional 11,040 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Safe Bulkers in the 3rd quarter worth $90,000. Institutional investors own 21.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SB shares. StockNews.com lowered Safe Bulkers from a “buy” rating to a “hold” rating in a report on Monday, January 27th. DNB Markets raised Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price objective on the stock in a research report on Monday, January 27th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $6.00 target price on shares of Safe Bulkers in a report on Thursday, November 14th.

Safe Bulkers Stock Down 0.8 %

SB opened at $3.58 on Thursday. The stock has a market cap of $382.27 million, a price-to-earnings ratio of 3.98 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.34 and a current ratio of 1.34. The firm’s fifty day moving average is $3.58 and its 200 day moving average is $4.27. Safe Bulkers, Inc. has a fifty-two week low of $3.31 and a fifty-two week high of $6.33.

Safe Bulkers Company 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.