GSA Capital Partners LLP Has $1.94 Million Position in Safe Bulkers, Inc $SB

GSA Capital Partners LLP trimmed its position in Safe Bulkers, Inc (NYSE:SB) by 18.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 436,149 shares of the shipping company’s stock after selling 98,114 shares during the quarter. GSA Capital Partners LLP owned 0.43% of Safe Bulkers worth $1,937,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SB. Tower Research Capital LLC TRC grew its position in shares of Safe Bulkers by 73.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,088 shares of the shipping company’s stock worth $40,000 after purchasing an additional 4,692 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Safe Bulkers in the second quarter valued at approximately $41,000. Evergreen Capital Management LLC acquired a new stake in Safe Bulkers during the second quarter worth approximately $46,000. J.W. Cole Advisors Inc. bought a new position in Safe Bulkers during the 2nd quarter worth $61,000. Finally, Los Angeles Capital Management LLC bought a new position in Safe Bulkers during the 2nd quarter worth $70,000. 21.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Jefferies Financial Group increased their target price on Safe Bulkers from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Safe Bulkers in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Safe Bulkers currently has an average rating of “Hold” and an average target price of $6.00.

Safe Bulkers Price Performance

Shares of SB stock opened at $6.00 on Tuesday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.58. Safe Bulkers, Inc has a twelve month low of $3.02 and a twelve month high of $6.14. The company has a market cap of $613.47 million, a P/E ratio of 16.65 and a beta of 1.13. The business has a fifty day simple moving average of $5.24 and a 200 day simple moving average of $4.79.

Safe Bulkers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Monday, December 8th were given a $0.05 dividend. The ex-dividend date was Monday, December 8th. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. Safe Bulkers’s dividend payout ratio (DPR) is currently 55.56%.

Safe Bulkers Profile

Safe Bulkers Inc (NYSE: SB) is a dry bulk shipping company engaged in the ocean transport of commodities such as iron ore, coal, grain, and fertilizers. The company operates a modern fleet of vessels, including Panamax, Supramax and Kamsarmax bulk carriers, designed to serve a variety of trade routes and cargo types. Safe Bulkers’ fleet is employed under both time charter and voyage charter arrangements, offering flexibility to respond to market demand and optimize vessel utilization.

Founded in 2008, Safe Bulkers began trading its shares on the New York Stock Exchange in the same year, establishing itself as a publicly listed provider of dry bulk transportation services.