SG Americas Securities LLC Invests $109,000 in Safe Bulkers, Inc. (NYSE:SB)

SG Americas Securities LLC purchased a new stake in shares of Safe Bulkers, Inc. (NYSE:SB) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,082 shares of the shipping company’s stock, valued at approximately $109,000.

A number of other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise increased its position in shares of Safe Bulkers by 14.4% during the 2nd quarter. Banque Cantonale Vaudoise now owns 16,863 shares of the shipping company’s stock valued at $98,000 after purchasing an additional 2,129 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Safe Bulkers by 26.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,945 shares of the shipping company’s stock valued at $99,000 after acquiring an additional 4,129 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Safe Bulkers by 8.0% during the 1st quarter. Principal Financial Group Inc. now owns 58,689 shares of the shipping company’s stock valued at $291,000 after acquiring an additional 4,353 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Safe Bulkers by 27.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,567 shares of the shipping company’s stock worth $149,000 after purchasing an additional 5,572 shares during the period. Finally, Tidal Investments LLC lifted its stake in Safe Bulkers by 14.8% in the first quarter. Tidal Investments LLC now owns 50,203 shares of the shipping company’s stock valued at $249,000 after purchasing an additional 6,457 shares during the last quarter. 21.69% of the stock is owned by institutional investors.

Safe Bulkers Price Performance

Shares of NYSE SB opened at $4.26 on Monday. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $4.81 and a two-hundred day simple moving average of $5.21. Safe Bulkers, Inc. has a 1-year low of $3.10 and a 1-year high of $6.33. The firm has a market cap of $454.81 million, a price-to-earnings ratio of 6.26 and a beta of 0.92.

Safe Bulkers (NYSE:SB) last posted its quarterly earnings results on Monday, July 29th. The shipping company reported $0.17 earnings per share 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 the consensus estimate of $69.16 million. During the same quarter in the previous year, the company posted $0.12 EPS. Analysts anticipate that Safe Bulkers, Inc. will post 0.86 earnings per share for the current year.

Safe Bulkers Company Profile

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.