SG Americas Securities LLC Buys 4,122 Shares of Safe Bulkers, Inc. (NYSE:SB)

SG Americas Securities LLC raised its stake in shares of Safe Bulkers, Inc. (NYSE:SB) by 19.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,204 shares of the shipping company’s stock after buying an additional 4,122 shares during the period. SG Americas Securities LLC’s holdings in Safe Bulkers were worth $90,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Verition Fund Management LLC raised its holdings in Safe Bulkers by 27.0% during the third quarter. Verition Fund Management LLC now owns 18,400 shares of the shipping company’s stock valued at $95,000 after buying an additional 3,913 shares in the last quarter. nVerses Capital LLC raised its holdings in Safe Bulkers by 269.0% during the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock valued at $55,000 after buying an additional 7,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Safe Bulkers by 10.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 112,485 shares of the shipping company’s stock valued at $583,000 after buying an additional 11,040 shares in the last quarter. Intech Investment Management LLC bought a new position in Safe Bulkers during the third quarter valued at about $86,000. Finally, Aigen Investment Management LP bought a new position in Safe Bulkers during the third quarter valued at about $90,000. 21.69% of the stock is currently owned by institutional investors.

Safe Bulkers Trading Up 0.7 %

Safe Bulkers stock opened at $3.61 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.34 and a current ratio of 1.34. The business’s 50-day simple moving average is $3.58 and its 200-day simple moving average is $4.27. The firm has a market capitalization of $384.93 million, a PE ratio of 4.01 and a beta of 0.90. Safe Bulkers, Inc. has a 52 week low of $3.31 and a 52 week high of $6.33.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $6.00 price objective on shares of Safe Bulkers in a research note on Thursday, November 14th. DNB Markets upgraded Safe Bulkers from a “hold” rating to a “buy” rating and set a $4.20 price objective on the stock in a research note on Monday, January 27th. Finally, StockNews.com lowered Safe Bulkers from a “buy” rating to a “hold” rating in a research note on Monday, January 27th.

About Safe Bulkers

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.