Wealth Enhancement Advisory Services LLC Acquires 11,040 Shares of Safe Bulkers, Inc. (NYSE:SB)

Wealth Enhancement Advisory Services LLC boosted its stake in Safe Bulkers, Inc. (NYSE:SB) by 10.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,485 shares of the shipping company’s stock after purchasing an additional 11,040 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.11% of Safe Bulkers worth $583,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SB. Banque Cantonale Vaudoise grew its holdings in Safe Bulkers by 14.4% during 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 during the period. Price T Rowe Associates Inc. MD raised its stake in 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 buying an additional 4,129 shares during the period. Cubist Systematic Strategies LLC lifted its holdings 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 worth $149,000 after acquiring an additional 5,572 shares in the last quarter. Principal Financial Group Inc. grew its stake in Safe Bulkers by 10.3% in the second quarter. Principal Financial Group Inc. now owns 64,745 shares of the shipping company’s stock valued at $377,000 after acquiring an additional 6,056 shares during the period. Finally, Tidal Investments LLC grew its stake in Safe Bulkers by 14.8% in the first quarter. Tidal Investments LLC now owns 50,203 shares of the shipping company’s stock valued at $249,000 after acquiring an additional 6,457 shares during the period. Institutional investors and hedge funds own 21.69% of the company’s stock.

Safe Bulkers Trading Up 0.7 %

NYSE SB opened at $4.38 on Friday. Safe Bulkers, Inc. has a one year low of $3.12 and a one year high of $6.33. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market cap of $467.65 million, a P/E ratio of 5.48 and a beta of 0.95. The stock’s 50-day moving average is $4.68 and its 200-day moving average is $5.17.

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.