17,939 Shares in Safe Bulkers, Inc. (NYSE:SB) Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. purchased a new stake in Safe Bulkers, Inc. (NYSE:SB) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,939 shares of the shipping company’s stock, valued at approximately $104,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its position in Safe Bulkers by 135.2% in the first quarter. Acadian Asset Management LLC now owns 1,898,533 shares of the shipping company’s stock valued at $9,408,000 after purchasing an additional 1,091,277 shares during the period. Vanguard Group Inc. raised its stake in shares of Safe Bulkers by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 655,429 shares of the shipping company’s stock worth $3,251,000 after buying an additional 38,162 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of Safe Bulkers by 63.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 459,112 shares of the shipping company’s stock valued at $2,277,000 after buying an additional 177,940 shares during the period. Empowered Funds LLC boosted its stake in shares of Safe Bulkers by 8.2% in the first quarter. Empowered Funds LLC now owns 458,109 shares of the shipping company’s stock valued at $2,272,000 after buying an additional 34,640 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Safe Bulkers by 3,273.7% in the first quarter. Russell Investments Group Ltd. now owns 165,345 shares of the shipping company’s stock valued at $821,000 after buying an additional 160,444 shares in the last quarter. 21.69% of the stock is owned by hedge funds and other institutional investors.

Safe Bulkers Trading Up 5.3 %

NYSE:SB opened at $5.14 on Wednesday. Safe Bulkers, Inc. has a 1 year low of $3.10 and a 1 year high of $6.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a fifty day moving average price of $5.00 and a two-hundred day moving average price of $5.25. The stock has a market capitalization of $548.77 million, a price-to-earnings ratio of 7.56 and a beta of 0.91.

Safe Bulkers (NYSE:SB) last announced its quarterly earnings results on Monday, July 29th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $78.55 million during the quarter, compared to analysts’ expectations of $69.16 million. Safe Bulkers had a net margin of 31.11% and a return on equity of 10.78%. During the same quarter in the prior year, the business earned $0.12 EPS. As a group, sell-side analysts anticipate that Safe Bulkers, Inc. will post 0.86 earnings per share for the current fiscal year.

Safe Bulkers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Wednesday, August 21st. Safe Bulkers’s dividend payout ratio (DPR) is 29.41%.

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.