Tidal Investments LLC Sells 150,354 Shares of Safe Bulkers, Inc. (NYSE:SB)

Tidal Investments LLC trimmed its stake in shares of Safe Bulkers, Inc. (NYSE:SB) by 75.5% during the third quarter, HoldingsChannel.com reports. The firm owned 48,675 shares of the shipping company’s stock after selling 150,354 shares during the quarter. Tidal Investments LLC’s holdings in Safe Bulkers were worth $252,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SB. nVerses Capital LLC grew its holdings in shares of Safe Bulkers by 269.0% during the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock worth $55,000 after purchasing an additional 7,800 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Safe Bulkers in the 3rd quarter worth $86,000. Aigen Investment Management LP purchased a new stake in shares of Safe Bulkers during the 3rd quarter valued at $90,000. Verition Fund Management LLC lifted its holdings in shares of Safe Bulkers by 27.0% during the 3rd quarter. Verition Fund Management LLC now owns 18,400 shares of the shipping company’s stock worth $95,000 after acquiring an additional 3,913 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its position in Safe Bulkers by 14.4% in the second quarter. Banque Cantonale Vaudoise now owns 16,863 shares of the shipping company’s stock worth $98,000 after acquiring an additional 2,129 shares in the last quarter. 21.69% of the stock is currently owned by institutional investors.

Safe Bulkers Stock Up 0.3 %

Shares of NYSE SB opened at $3.64 on Thursday. The firm has a fifty day simple moving average of $4.07 and a two-hundred day simple moving average of $4.82. The firm has a market capitalization of $388.67 million, a PE ratio of 4.04 and a beta of 0.91. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.52. Safe Bulkers, Inc. has a 12 month low of $3.40 and a 12 month high of $6.33.

Safe Bulkers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Monday, December 2nd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.20 annualized dividend and a dividend yield of 5.49%. Safe Bulkers’s payout ratio is currently 22.22%.

Analyst Ratings Changes

SB has been the topic of a number of recent research reports. StockNews.com cut shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research report on Saturday, December 21st. Jefferies Financial Group reaffirmed a “buy” rating and set a $6.00 target price on shares of Safe Bulkers in a report on Thursday, November 14th.

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.