UBS Group AG Purchases 118,681 Shares of Safe Bulkers, Inc $SB

UBS Group AG raised its position in Safe Bulkers, Inc (NYSE:SB) by 17.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 806,379 shares of the shipping company’s stock after buying an additional 118,681 shares during the quarter. UBS Group AG’s holdings in Safe Bulkers were worth $3,887,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new position in Safe Bulkers in the 3rd quarter valued at about $365,000. State of Wyoming increased its holdings in Safe Bulkers by 35.0% in the 2nd quarter. State of Wyoming now owns 61,638 shares of the shipping company’s stock valued at $223,000 after buying an additional 15,983 shares during the period. Tidal Investments LLC increased its holdings in Safe Bulkers by 5.9% in the 2nd quarter. Tidal Investments LLC now owns 43,299 shares of the shipping company’s stock valued at $156,000 after buying an additional 2,423 shares during the period. Sei Investments Co. bought a new position in Safe Bulkers in the 2nd quarter valued at about $116,000. Finally, Quadrant Capital Group LLC bought a new position in Safe Bulkers in the 3rd quarter valued at about $97,000. 21.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Safe Bulkers from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One investment 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, Safe Bulkers has an average rating of “Hold” and a consensus target price of $6.00.

Safe Bulkers Stock Down 3.6%

Shares of NYSE SB opened at $6.60 on Friday. The company has a 50 day simple moving average of $6.57 and a 200 day simple moving average of $5.78. The firm has a market cap of $674.40 million, a PE ratio of 21.98 and a beta of 0.89. Safe Bulkers, Inc has a 1 year low of $3.53 and a 1 year high of $7.38. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.90 and a quick ratio of 2.63.

Safe Bulkers (NYSE:SB) last issued its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $72.57 million during the quarter, compared to analyst estimates of $70.00 million. Safe Bulkers had a net margin of 13.99% and a return on equity of 4.91%.

Safe Bulkers 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.