GSA Capital Partners LLP Has $1.94 Million Stock Holdings in Safe Bulkers, Inc $SB

GSA Capital Partners LLP lowered its position in Safe Bulkers, Inc (NYSE:SB) by 18.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 436,149 shares of the shipping company’s stock after selling 98,114 shares during the quarter. GSA Capital Partners LLP’s holdings in Safe Bulkers were worth $1,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Safe Bulkers by 73.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,088 shares of the shipping company’s stock worth $40,000 after buying an additional 4,692 shares during the period. Cetera Investment Advisers bought a new position in shares of Safe Bulkers during the second quarter valued at $41,000. Evergreen Capital Management LLC bought a new position in shares of Safe Bulkers during the second quarter valued at $46,000. J.W. Cole Advisors Inc. acquired a new position in shares of Safe Bulkers during the second quarter worth $61,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Safe Bulkers in the second quarter worth $70,000. Institutional investors own 21.69% of the company’s stock.

Analysts Set New Price Targets

SB has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Safe Bulkers in a research report on Monday, December 29th. Jefferies Financial Group increased their price target on Safe Bulkers from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.00.

Safe Bulkers Stock Up 2.8%

Safe Bulkers stock opened at $6.00 on Tuesday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.58. Safe Bulkers, Inc has a 12-month low of $3.02 and a 12-month high of $6.14. The firm’s fifty day moving average is $5.24 and its 200 day moving average is $4.79. The company has a market capitalization of $613.47 million, a PE ratio of 16.65 and a beta of 1.13.

Safe Bulkers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, December 8th. Safe Bulkers’s dividend payout ratio is 55.56%.

Safe Bulkers Company Profile

Safe Bulkers Inc (NYSE: SB) is a dry bulk shipping company engaged in the ocean transport of commodities such as iron ore, coal, grain, and fertilizers. The company operates a modern fleet of vessels, including Panamax, Supramax and Kamsarmax bulk carriers, designed to serve a variety of trade routes and cargo types. Safe Bulkers’ fleet is employed under both time charter and voyage charter arrangements, offering flexibility to respond to market demand and optimize vessel utilization.

Founded in 2008, Safe Bulkers began trading its shares on the New York Stock Exchange in the same year, establishing itself as a publicly listed provider of dry bulk transportation services.