Los Angeles Capital Management LLC Sells 37,300 Shares of Safe Bulkers, Inc. (NYSE:SB)

Los Angeles Capital Management LLC lessened its holdings in Safe Bulkers, Inc. (NYSE:SB) by 10.2% in the third quarter, HoldingsChannel reports. The fund owned 327,962 shares of the shipping company’s stock after selling 37,300 shares during the period. Los Angeles Capital Management LLC’s holdings in Safe Bulkers were worth $1,699,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Safe Bulkers by 10.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 112,485 shares of the shipping company’s stock valued at $583,000 after acquiring an additional 11,040 shares during the period. nVerses Capital LLC lifted its position in Safe Bulkers by 269.0% during the third quarter. nVerses Capital LLC now owns 10,700 shares of the shipping company’s stock worth $55,000 after purchasing an additional 7,800 shares during the period. SG Americas Securities LLC acquired a new stake in Safe Bulkers during the third quarter worth about $109,000. Cubist Systematic Strategies LLC increased its holdings in Safe Bulkers by 27.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 25,567 shares of the shipping company’s stock valued at $149,000 after buying an additional 5,572 shares during the period. Finally, Susquehanna Fundamental Investments LLC raised its position in shares of Safe Bulkers by 41.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 126,150 shares of the shipping company’s stock valued at $734,000 after buying an additional 37,022 shares in the last quarter. Institutional investors own 21.69% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Safe Bulkers from a “buy” rating to a “hold” rating in a report on Wednesday.

Safe Bulkers Stock Up 1.4 %

Shares of SB opened at $4.41 on Thursday. The stock has a market capitalization of $470.86 million, a price-to-earnings ratio of 5.51 and a beta of 0.95. Safe Bulkers, Inc. has a 52 week low of $3.26 and a 52 week high of $6.33. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.11 and a current ratio of 2.11. The stock has a fifty day moving average of $4.63 and a 200-day moving average of $5.16.

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.