Safe Bulkers, Inc (NYSE:SB – Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.20 and last traded at $7.1450, with a volume of 64371 shares trading hands. The stock had previously closed at $7.07.
Safe Bulkers Stock Performance
The company’s fifty day moving average price is $6.46 and its two-hundred day moving average price is $5.63. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.63 and a current ratio of 2.90. The firm has a market capitalization of $731.67 million, a PE ratio of 23.82 and a beta of 0.89.
Safe Bulkers (NYSE:SB – Get Free Report) last issued its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The firm had revenue of $72.57 million during the quarter, compared to analyst estimates of $70.00 million. Safe Bulkers had a net margin of 13.99% and a return on equity of 4.91%.
Safe Bulkers Announces Dividend
Institutional Investors Weigh In On Safe Bulkers
Several institutional investors and hedge funds have recently added to or reduced their stakes in SB. PNC Financial Services Group Inc. lifted its stake in shares of Safe Bulkers by 77.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,917 shares of the shipping company’s stock valued at $31,000 after purchasing an additional 2,150 shares in the last quarter. Tidal Investments LLC raised its holdings in Safe Bulkers by 5.9% in the second quarter. Tidal Investments LLC now owns 43,299 shares of the shipping company’s stock valued at $156,000 after buying an additional 2,423 shares during the period. DGS Capital Management LLC lifted its position in Safe Bulkers by 17.3% during the first quarter. DGS Capital Management LLC now owns 20,918 shares of the shipping company’s stock valued at $132,000 after buying an additional 3,079 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Safe Bulkers by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 116,912 shares of the shipping company’s stock valued at $588,000 after buying an additional 3,148 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Safe Bulkers by 0.6% during the third quarter. Vanguard Group Inc. now owns 765,593 shares of the shipping company’s stock worth $3,399,000 after buying an additional 4,300 shares during the period. 21.69% of the stock is currently owned by institutional investors and hedge funds.
Safe Bulkers Company 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.
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