Signia Capital Management LLC Buys Shares of 751,133 Safe Bulkers, Inc. (SB)
Signia Capital Management LLC bought a new position in Safe Bulkers, Inc. (NYSE:SB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 751,133 shares of the shipping company’s stock, valued at approximately $2,426,000. Safe Bulkers accounts for 2.6% of Signia Capital Management LLC’s holdings, making the stock its 19th biggest holding.
Other large investors also recently bought and sold shares of the company. Northern Trust Corp purchased a new stake in shares of Safe Bulkers in the 2nd quarter worth about $943,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Safe Bulkers in the 2nd quarter worth about $292,000. Bank of New York Mellon Corp purchased a new stake in shares of Safe Bulkers in the 2nd quarter worth about $307,000. EAM Investors LLC bought a new position in shares of Safe Bulkers in the 3rd quarter worth about $485,000. Finally, Nationwide Fund Advisors increased its stake in shares of Safe Bulkers by 282.8% in the 3rd quarter. Nationwide Fund Advisors now owns 100,618 shares of the shipping company’s stock worth $276,000 after acquiring an additional 74,335 shares in the last quarter. 20.00% of the stock is owned by hedge funds and other institutional investors.
Safe Bulkers, Inc. (NYSE:SB) opened at $3.31 on Thursday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.28 and a current ratio of 2.28. Safe Bulkers, Inc. has a 12 month low of $1.23 and a 12 month high of $3.84.
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About Safe Bulkers
Safe Bulkers, Inc is a holding company. The Company’s principal business is the acquisition, ownership and operation of drybulk vessels. The Company’s vessels operate across the world, carrying drybulk cargo for the consumers of marine drybulk transportation services. The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along shipping routes across the world.
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