10,055 Shares in Safe Bulkers, Inc $SB Acquired by Regatta Capital Group LLC

Regatta Capital Group LLC bought a new position in Safe Bulkers, Inc (NYSE:SB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,055 shares of the shipping company’s stock, valued at approximately $36,000.

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

Safe Bulkers Trading Down 1.6%

SB stock opened at $4.61 on Friday. Safe Bulkers, Inc has a 1-year low of $3.02 and a 1-year 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. The company has a market capitalization of $471.18 million, a price-to-earnings ratio of 10.71 and a beta of 1.30. The business has a 50 day simple moving average of $4.31 and a two-hundred day simple moving average of $3.87.

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

Safe Bulkers Announces Dividend

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

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.