Empowered Funds LLC Buys 26,595 Shares of Safe Bulkers, Inc. (NYSE:SB)

Empowered Funds LLC grew its position in shares of Safe Bulkers, Inc. (NYSE:SB) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 546,562 shares of the shipping company’s stock after purchasing an additional 26,595 shares during the quarter. Empowered Funds LLC owned about 0.51% of Safe Bulkers worth $1,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SB. Segall Bryant & Hamill LLC bought a new position in Safe Bulkers during the third quarter worth $1,480,000. Walleye Capital LLC bought a new position in shares of Safe Bulkers in the 3rd quarter worth about $1,109,000. Public Employees Retirement System of Ohio bought a new stake in shares of Safe Bulkers during the 3rd quarter valued at about $492,000. Barclays PLC grew its stake in Safe Bulkers by 83.4% during the third quarter. Barclays PLC now owns 125,238 shares of the shipping company’s stock worth $648,000 after purchasing an additional 56,946 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Safe Bulkers by 107.0% in the third quarter. Franklin Resources Inc. now owns 82,417 shares of the shipping company’s stock worth $427,000 after purchasing an additional 42,598 shares in the last quarter. Institutional investors and hedge funds own 21.69% of the company’s stock.

Analyst Upgrades and Downgrades

SB has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “buy” rating and set a $6.00 price target on shares of Safe Bulkers in a report on Thursday, November 14th. StockNews.com lowered shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Finally, DNB Markets raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target for the company in a research note on Monday, January 27th.

Safe Bulkers Trading Down 0.1 %

NYSE SB opened at $3.61 on Friday. Safe Bulkers, Inc. has a 52 week low of $3.31 and a 52 week high of $6.33. The business has a 50 day moving average price of $3.57 and a 200-day moving average price of $4.24. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 0.52. The company has a market cap of $384.94 million, a price-to-earnings ratio of 4.01 and a beta of 0.90.

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.