Segall Bryant & Hamill LLC Makes New $365,000 Investment in Safe Bulkers, Inc $SB

Segall Bryant & Hamill LLC bought a new stake in shares of Safe Bulkers, Inc (NYSE:SB) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 82,266 shares of the shipping company’s stock, valued at approximately $365,000.

A number of other large investors also recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in Safe Bulkers by 73.4% in the second quarter. Tower Research Capital LLC TRC now owns 11,088 shares of the shipping company’s stock worth $40,000 after acquiring an additional 4,692 shares during the last quarter. Cetera Investment Advisers bought a new position in Safe Bulkers in the 2nd quarter valued at about $41,000. Evergreen Capital Management LLC bought a new stake in Safe Bulkers during the second quarter worth approximately $46,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Safe Bulkers in the second quarter valued at $61,000. Finally, Los Angeles Capital Management LLC acquired a new position in Safe Bulkers in the second quarter worth approximately $70,000. 21.69% of the stock is currently owned by institutional investors.

Safe Bulkers Stock Performance

Shares of NYSE SB opened at $6.11 on Friday. The company has a quick ratio of 2.72, a current ratio of 2.90 and a debt-to-equity ratio of 0.60. The company has a market cap of $624.30 million, a P/E ratio of 20.35 and a beta of 1.04. The business’s 50 day moving average is $5.63 and its two-hundred day moving average is $4.99. Safe Bulkers, Inc has a 12 month low of $3.02 and a 12 month high of $6.68.

Safe Bulkers (NYSE:SB) last posted its quarterly earnings data on Friday, February 13th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Safe Bulkers had a net margin of 13.99% and a return on equity of 4.91%. The company had revenue of $72.57 million for the quarter, compared to the consensus estimate of $70.00 million. On average, equities analysts expect that Safe Bulkers, Inc will post 0.62 EPS for the current year.

Safe Bulkers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Monday, March 2nd will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Monday, March 2nd. Safe Bulkers’s dividend payout ratio is 66.67%.

Wall Street Analyst Weigh In

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

About Safe Bulkers

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.