Sherbrooke Park Advisers LLC Reduces Stock Holdings in Safe Bulkers, Inc. (NYSE:SB)

Sherbrooke Park Advisers LLC lessened its stake in shares of Safe Bulkers, Inc. (NYSE:SB) by 21.4% in the fourth quarter, HoldingsChannel reports. The firm owned 58,645 shares of the shipping company’s stock after selling 15,952 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Safe Bulkers were worth $209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Graham Capital Management L.P. acquired a new stake in Safe Bulkers in the 4th quarter worth about $49,000. ProShare Advisors LLC lifted its stake in shares of Safe Bulkers by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 17,008 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 5,596 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Safe Bulkers in the 4th quarter valued at about $64,000. Two Sigma Securities LLC acquired a new position in shares of Safe Bulkers in the 4th quarter valued at about $84,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Safe Bulkers during the 4th quarter worth approximately $86,000. Hedge funds and other institutional investors own 21.69% of the company’s stock.

Safe Bulkers Trading Up 3.2%

NYSE:SB opened at $3.83 on Wednesday. Safe Bulkers, Inc. has a 1-year low of $3.02 and a 1-year high of $6.33. The firm has a market capitalization of $403.30 million, a price-to-earnings ratio of 4.61 and a beta of 1.17. The company has a quick ratio of 1.34, a current ratio of 1.91 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $3.50 and a 200 day simple moving average of $3.67.

Safe Bulkers (NYSE:SB) last announced its quarterly earnings data on Monday, May 19th. The shipping company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $64.35 million during the quarter, compared to analyst estimates of $57.92 million. Safe Bulkers had a return on equity of 10.04% and a net margin of 31.65%. Sell-side analysts forecast that Safe Bulkers, Inc. will post 0.62 earnings per share for the current year.

Safe Bulkers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Friday, June 6th. Safe Bulkers’s payout ratio is 29.85%.

Analysts Set New Price Targets

SB has been the topic of several analyst reports. Jefferies Financial Group restated a “buy” rating and set a $5.00 price objective on shares of Safe Bulkers in a report on Tuesday. Loop Capital set a $4.20 price objective on Safe Bulkers in a report on Monday, January 27th. StockNews.com downgraded Safe Bulkers from a “buy” rating to a “hold” rating in a report on Monday, January 27th. Finally, DNB Markets raised Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price target on the stock in a research report on Monday, January 27th.

Safe Bulkers 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.