21,520 Shares in Safe Bulkers, Inc. (NYSE:SB) Acquired by Simplicity Solutions LLC

Simplicity Solutions LLC bought a new stake in Safe Bulkers, Inc. (NYSE:SB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,520 shares of the shipping company’s stock, valued at approximately $85,000.

Other large investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in shares of Safe Bulkers by 127.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,623 shares of the shipping company’s stock valued at $25,000 after acquiring an additional 4,269 shares during the last quarter. Financial Advocates Investment Management bought a new stake in Safe Bulkers during the fourth quarter worth approximately $29,000. Price T Rowe Associates Inc. MD acquired a new position in Safe Bulkers during the third quarter valued at approximately $31,000. Sigma Planning Corp acquired a new position in Safe Bulkers during the third quarter valued at approximately $37,000. Finally, Advisor Group Holdings Inc. raised its position in shares of Safe Bulkers by 1,074.3% in the first quarter. Advisor Group Holdings Inc. now owns 8,220 shares of the shipping company’s stock valued at $39,000 after purchasing an additional 7,520 shares during the period. 21.69% of the stock is owned by institutional investors.

Safe Bulkers Trading Up 0.8 %

Safe Bulkers stock opened at $4.81 on Monday. The business’s 50-day simple moving average is $4.74 and its 200-day simple moving average is $4.07. Safe Bulkers, Inc. has a 52 week low of $2.97 and a 52 week high of $5.15. The firm has a market capitalization of $536.84 million, a PE ratio of 7.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.33 and a current ratio of 2.63.

Safe Bulkers (NYSE:SB) last issued its quarterly earnings results on Tuesday, February 13th. The shipping company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.15 by $0.10. Safe Bulkers had a return on equity of 9.05% and a net margin of 27.20%. The company had revenue of $82.29 million for the quarter, compared to the consensus estimate of $72.70 million. During the same period in the previous year, the business posted $0.29 EPS. Equities research analysts forecast that Safe Bulkers, Inc. will post 0.87 earnings per share for the current year.

Safe Bulkers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, March 1st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, February 29th. Safe Bulkers’s payout ratio is currently 32.26%.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of Safe Bulkers from a “hold” rating to a “buy” rating and upped their price objective for the stock from $4.00 to $6.00 in a report on Tuesday, February 27th.

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.