WINTON GROUP Ltd Lowers Holdings in Safe Bulkers, Inc. (NYSE:SB)

WINTON GROUP Ltd trimmed its holdings in Safe Bulkers, Inc. (NYSE:SB) by 89.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,095 shares of the shipping company’s stock after selling 159,336 shares during the quarter. WINTON GROUP Ltd’s holdings in Safe Bulkers were worth $105,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SB. Jump Financial LLC boosted its holdings in Safe Bulkers by 368.2% in the fourth quarter. Jump Financial LLC now owns 59,933 shares of the shipping company’s stock valued at $236,000 after purchasing an additional 47,133 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Safe Bulkers in the fourth quarter valued at $385,000. Los Angeles Capital Management LLC boosted its holdings in Safe Bulkers by 63.3% in the first quarter. Los Angeles Capital Management LLC now owns 459,112 shares of the shipping company’s stock valued at $2,277,000 after purchasing an additional 177,940 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Safe Bulkers in the first quarter valued at $135,000. Finally, Denali Advisors LLC purchased a new stake in Safe Bulkers in the first quarter valued at $498,000. 21.69% of the stock is owned by hedge funds and other institutional investors.

Safe Bulkers Price Performance

NYSE:SB opened at $4.79 on Thursday. The firm’s fifty day moving average is $5.06 and its two-hundred day moving average is $5.24. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.11 and a current ratio of 2.11. Safe Bulkers, Inc. has a one year low of $3.10 and a one year high of $6.33. The firm has a market cap of $511.40 million, a price-to-earnings ratio of 7.04 and a beta of 0.91.

Safe Bulkers (NYSE:SB) last posted its earnings results on Monday, July 29th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Safe Bulkers had a return on equity of 10.78% and a net margin of 31.11%. The firm had revenue of $78.55 million for the quarter, compared to analysts’ expectations of $69.16 million. During the same period in the previous year, the company earned $0.12 earnings per share. Research analysts expect that Safe Bulkers, Inc. will post 0.86 EPS for the current year.

Safe Bulkers Dividend Announcement

The company also recently announced 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 4.18%. The ex-dividend date was Wednesday, August 21st. Safe Bulkers’s payout ratio is currently 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.