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

UBS Group AG grew its stake in Safe Bulkers, Inc (NYSE:SB) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 806,379 shares of the shipping company’s stock after purchasing an additional 118,681 shares during the quarter. UBS Group AG owned approximately 0.79% of Safe Bulkers worth $3,887,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of 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 valued at $40,000 after purchasing an additional 4,692 shares during the period. Cetera Investment Advisers bought a new position in shares of Safe Bulkers in the second quarter valued at about $41,000. Evergreen Capital Management LLC bought a new position in shares of Safe Bulkers in the second quarter valued at about $46,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Safe Bulkers in the third quarter valued at about $46,000. Finally, State of Alaska Department of Revenue raised its position in shares of Safe Bulkers by 106.8% in the fourth quarter. State of Alaska Department of Revenue now owns 11,599 shares of the shipping company’s stock valued at $55,000 after purchasing an additional 5,991 shares during the period. 21.69% of the stock is owned by institutional investors.

Safe Bulkers Trading Down 3.6%

SB stock opened at $6.60 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.63 and a current ratio of 2.90. The company’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $5.78. Safe Bulkers, Inc has a 52 week low of $3.53 and a 52 week high of $7.38. The company has a market capitalization of $674.40 million, a PE ratio of 21.98 and a beta of 0.89.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Safe Bulkers from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Safe Bulkers has an average rating of “Hold” and a consensus price target of $6.00.

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.