Safe Bulkers, Inc. (NYSE:SB) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in shares of Safe Bulkers, Inc. (NYSE:SB) by 14.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,863 shares of the shipping company’s stock after acquiring an additional 2,129 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Safe Bulkers were worth $98,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SB. Pinnacle Wealth Planning Services Inc. purchased a new position in Safe Bulkers in the 4th quarter worth approximately $46,000. Price T Rowe Associates Inc. MD lifted its position in shares of Safe Bulkers by 26.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,945 shares of the shipping company’s stock worth $99,000 after purchasing an additional 4,129 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Safe Bulkers in the first quarter valued at $106,000. Counterpoint Mutual Funds LLC acquired a new stake in Safe Bulkers during the 1st quarter valued at $135,000. Finally, Lazard Asset Management LLC purchased a new stake in Safe Bulkers during the 1st quarter worth $172,000. Institutional investors and hedge funds own 21.69% of the company’s stock.

Safe Bulkers Stock Performance

Shares of SB stock opened at $4.86 on Wednesday. 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 company’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.23. The firm has a market capitalization of $518.90 million, a P/E ratio of 7.15 and a beta of 0.91. Safe Bulkers, Inc. has a 12 month low of $2.97 and a 12 month high of $6.33.

Safe Bulkers (NYSE:SB) last released its quarterly earnings results on Monday, July 29th. The shipping company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Safe Bulkers had a return on equity of 10.78% and a net margin of 31.11%. The business had revenue of $78.55 million during the quarter, compared to analyst estimates of $69.16 million. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts anticipate that Safe Bulkers, Inc. will post 0.86 earnings per share for the current fiscal year.

Safe Bulkers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, August 21st. Safe Bulkers’s payout ratio is currently 29.41%.

About Safe Bulkers

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.