27,700 Shares in Safe Bulkers, Inc. (NYSE:SB) Purchased by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC bought a new position in shares of Safe Bulkers, Inc. (NYSE:SB) in the 4th quarter, Holdings Channel.com reports. The firm bought 27,700 shares of the shipping company’s stock, valued at approximately $99,000.

Several other institutional investors have also recently made changes to their positions in SB. Intech Investment Management LLC purchased a new stake in shares of Safe Bulkers during the third quarter worth about $86,000. Ballentine Partners LLC bought a new position in Safe Bulkers during the fourth quarter valued at approximately $89,000. Sage Investment Counsel LLC bought a new position in Safe Bulkers during the fourth quarter valued at approximately $89,000. SG Americas Securities LLC boosted its stake in Safe Bulkers by 19.6% during the fourth quarter. SG Americas Securities LLC now owns 25,204 shares of the shipping company’s stock valued at $90,000 after buying an additional 4,122 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in Safe Bulkers by 27.0% during the third quarter. Verition Fund Management LLC now owns 18,400 shares of the shipping company’s stock valued at $95,000 after buying an additional 3,913 shares during the last quarter. Hedge funds and other institutional investors own 21.69% of the company’s stock.

Safe Bulkers Price Performance

NYSE:SB opened at $3.86 on Thursday. The firm has a market capitalization of $405.93 million, a price-to-earnings ratio of 4.64 and a beta of 0.94. Safe Bulkers, Inc. has a 1 year low of $3.31 and a 1 year high of $6.33. The business has a 50 day simple moving average of $3.64 and a 200-day simple moving average of $4.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.91 and a quick ratio of 1.34.

Safe Bulkers (NYSE:SB) last posted its quarterly earnings data on Tuesday, February 18th. The shipping company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. The business had revenue of $69.16 million during the quarter, compared to analyst estimates of $71.90 million. Equities analysts forecast that Safe Bulkers, Inc. will post 0.62 EPS for the current year.

Safe Bulkers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 3rd will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.20 annualized dividend and a dividend yield of 5.19%. Safe Bulkers’s payout ratio is 24.10%.

Analyst Ratings Changes

A number of brokerages recently commented on SB. Jefferies Financial Group reissued a “buy” rating and set a $6.00 price target on shares of Safe Bulkers in a research note on Wednesday, February 19th. StockNews.com lowered Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. DNB Markets raised Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target for the company in a research note on Monday, January 27th. Finally, Loop Capital set a $4.20 price objective on Safe Bulkers in a research note on Monday, January 27th.

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.