Quadrature Capital Ltd Reduces Stake in Safe Bulkers, Inc. (NYSE:SB)

Quadrature Capital Ltd lowered its holdings in shares of Safe Bulkers, Inc. (NYSE:SB) by 68.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,360 shares of the shipping company’s stock after selling 43,565 shares during the period. Quadrature Capital Ltd’s holdings in Safe Bulkers were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC grew its holdings in Safe Bulkers by 269.0% in the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock valued at $55,000 after purchasing an additional 7,800 shares during the period. Intech Investment Management LLC bought a new stake in Safe Bulkers in the third quarter valued at about $86,000. Aigen Investment Management LP acquired a new position in Safe Bulkers in the third quarter worth $90,000. Verition Fund Management LLC boosted its holdings in shares of Safe Bulkers by 27.0% in the 3rd 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 period. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Safe Bulkers by 14.4% in the 2nd quarter. Banque Cantonale Vaudoise now owns 16,863 shares of the shipping company’s stock worth $98,000 after purchasing an additional 2,129 shares during the last quarter. Hedge funds and other institutional investors own 21.69% of the company’s stock.

Safe Bulkers Stock Down 2.8 %

Shares of SB stock opened at $3.76 on Friday. Safe Bulkers, Inc. has a one year low of $3.66 and a one year high of $6.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a fifty day moving average price of $4.26 and a 200 day moving average price of $4.96. The stock has a market cap of $401.49 million, a P/E ratio of 4.18 and a beta of 0.91.

Safe Bulkers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date of this dividend is Monday, December 2nd. Safe Bulkers’s dividend payout ratio is currently 22.22%.

Analyst Upgrades and Downgrades

A number of research firms have commented on SB. StockNews.com downgraded shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Jefferies Financial Group restated a “buy” rating and issued a $6.00 target price on shares of Safe Bulkers in a report on Thursday, November 14th.

About Safe Bulkers

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.