Safe Bulkers (NYSE:SB) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Safe Bulkers, Inc (NYSE:SB) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.36 and traded as high as $4.96. Safe Bulkers shares last traded at $4.8950, with a volume of 398,715 shares changing hands.

Analyst Ratings Changes

Several analysts recently weighed in on SB shares. Zacks Research upgraded Safe Bulkers from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Jefferies Financial Group boosted their price objective on shares of Safe Bulkers from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Safe Bulkers in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Safe Bulkers currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.80.

Safe Bulkers Price Performance

The stock has a 50 day moving average of $4.76 and a 200-day moving average of $4.36. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $500.91 million, a P/E ratio of 13.60 and a beta of 1.06.

Safe Bulkers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Monday, December 8th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, December 8th. Safe Bulkers’s payout ratio is currently 55.56%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SB. Goldman Sachs Group Inc. raised its stake in shares of 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 valued at $6,017,000 after acquiring an additional 91,662 shares in the last quarter. American Century Companies Inc. increased its holdings in Safe Bulkers by 16.6% during the 2nd quarter. American Century Companies Inc. now owns 1,441,089 shares of the shipping company’s stock worth $5,202,000 after purchasing an additional 204,874 shares during the period. Ameriprise Financial Inc. raised its position in Safe Bulkers by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,314,711 shares of the shipping company’s stock valued at $4,739,000 after purchasing an additional 62,931 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Safe Bulkers by 5.1% during the 2nd quarter. Bridgeway Capital Management LLC now owns 1,175,338 shares of the shipping company’s stock valued at $4,243,000 after purchasing an additional 57,009 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in shares of Safe Bulkers by 2.7% in the 3rd quarter. Denali Advisors LLC now owns 955,469 shares of the shipping company’s stock worth $4,242,000 after buying an additional 25,388 shares during the period. Hedge funds and other institutional investors own 21.69% of the company’s stock.

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.