Safe Bulkers (NYSE:SB) Reaches New 52-Week High – Still a Buy?

Posted by on May 5th, 2026

Shares of Safe Bulkers, Inc (NYSE:SB – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $6.84 and last traded at $6.9260, with a volume of 9162 shares. The stock had previously closed at $6.71.

Safe Bulkers Trading Up 4.2%

The company has a market cap of $715.31 million, a P/E ratio of 23.32 and a beta of 0.89. The company has a quick ratio of 2.63, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $6.39 and a two-hundred day moving average price of $5.54.

Safe Bulkers (NYSE:SB – Get Free Report) last released its earnings results on Saturday, February 14th. The shipping company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $72.57 million during the quarter, compared to the consensus estimate of $70.00 million. Safe Bulkers had a return on equity of 4.91% and a net margin of 13.99%.

Safe Bulkers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Monday, March 2nd were given a dividend of $0.05 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.9%. Safe Bulkers’s payout ratio is presently 66.67%.

Institutional Investors Weigh In On Safe Bulkers

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV bought a new stake in Safe Bulkers in the fourth quarter valued at about $48,000. Public Employees Retirement System of Ohio bought a new stake in Safe Bulkers in the fourth quarter valued at about $49,000. Susquehanna Fundamental Investments LLC bought a new stake in Safe Bulkers in the third quarter valued at about $46,000. Tower Research Capital LLC TRC increased its holdings in Safe Bulkers by 73.4% in the second quarter. Tower Research Capital LLC TRC now owns 11,088 shares of the shipping company’s stock valued at $40,000 after purchasing an additional 4,692 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in Safe Bulkers in the second quarter valued at about $41,000. Institutional investors own 21.69% of the company’s stock.

About Safe Bulkers

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Safe Bulkers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safe Bulkers and related companies with MarketBeat.com's FREE daily email newsletter.