Safe Bulkers, Inc $SB Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Safe Bulkers, Inc (NYSE:SB) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 93,853 shares of the shipping company’s stock after selling 4,396 shares during the quarter. Rhumbline Advisers owned 0.09% of Safe Bulkers worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in Safe Bulkers by 6.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,630,636 shares of the shipping company’s stock worth $6,017,000 after buying an additional 91,662 shares during the period. Bridgeway Capital Management LLC grew its position in Safe Bulkers by 2.7% during the first quarter. Bridgeway Capital Management LLC now owns 1,118,329 shares of the shipping company’s stock worth $4,127,000 after buying an additional 29,667 shares during the period. Denali Advisors LLC grew its position in Safe Bulkers by 25.8% during the first quarter. Denali Advisors LLC now owns 870,415 shares of the shipping company’s stock worth $3,212,000 after buying an additional 178,646 shares during the period. Empowered Funds LLC grew its position in shares of Safe Bulkers by 5.4% in the first quarter. Empowered Funds LLC now owns 576,229 shares of the shipping company’s stock valued at $2,126,000 after purchasing an additional 29,667 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Safe Bulkers by 7.5% in the first quarter. Russell Investments Group Ltd. now owns 455,155 shares of the shipping company’s stock valued at $1,680,000 after purchasing an additional 31,563 shares during the last quarter. 21.69% of the stock is currently owned by institutional investors and hedge funds.

Safe Bulkers Stock Up 2.4%

SB stock opened at $4.68 on Thursday. The company’s 50 day simple moving average is $4.30 and its 200-day simple moving average is $3.87. The firm has a market capitalization of $478.86 million, a PE ratio of 10.88 and a beta of 1.30. Safe Bulkers, Inc has a 12 month low of $3.02 and a 12 month high of $5.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.70 and a quick ratio of 1.70.

Safe Bulkers (NYSE:SB) last released its quarterly earnings results on Tuesday, July 29th. The shipping company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $65.75 million during the quarter, compared to analyst estimates of $60.40 million. Safe Bulkers had a net margin of 19.25% and a return on equity of 5.80%. Equities analysts expect that Safe Bulkers, Inc will post 0.62 earnings per share for the current fiscal year.

Safe Bulkers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Thursday, August 21st were given a $0.05 dividend. The ex-dividend date was Thursday, August 21st. This represents a $0.20 annualized dividend and a dividend yield of 4.3%. Safe Bulkers’s dividend payout ratio is currently 46.51%.

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.