17,304 Shares in Safe Bulkers, Inc. (NYSE:SB) Acquired by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Safe Bulkers, Inc. (NYSE:SB) in the third quarter, Holdings Channel reports. The firm bought 17,304 shares of the shipping company’s stock, valued at approximately $90,000.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC raised its position in Safe Bulkers by 135.2% during the 1st quarter. Acadian Asset Management LLC now owns 1,898,533 shares of the shipping company’s stock worth $9,408,000 after buying an additional 1,091,277 shares during the last quarter. LSV Asset Management raised its position in Safe Bulkers by 440.7% during the 2nd quarter. LSV Asset Management now owns 552,357 shares of the shipping company’s stock worth $3,215,000 after buying an additional 450,209 shares during the last quarter. Denali Advisors LLC raised its position in Safe Bulkers by 316.6% during the 2nd quarter. Denali Advisors LLC now owns 418,300 shares of the shipping company’s stock worth $2,435,000 after buying an additional 317,900 shares during the last quarter. Russell Investments Group Ltd. raised its position in Safe Bulkers by 3,273.7% during the 1st quarter. Russell Investments Group Ltd. now owns 165,345 shares of the shipping company’s stock worth $821,000 after buying an additional 160,444 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Safe Bulkers by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 1,765,187 shares of the shipping company’s stock worth $10,273,000 after buying an additional 157,163 shares during the last quarter. 21.69% of the stock is currently owned by institutional investors and hedge funds.

Safe Bulkers Stock Performance

SB opened at $4.27 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a fifty day moving average price of $4.61 and a 200 day moving average price of $5.15. Safe Bulkers, Inc. has a 1 year low of $3.45 and a 1 year high of $6.33. The stock has a market cap of $455.91 million, a P/E ratio of 4.74 and a beta of 0.95.

Safe Bulkers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Monday, December 2nd will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, December 2nd. Safe Bulkers’s dividend payout ratio is currently 22.22%.

Analysts Set New Price Targets

A number of research firms have issued reports on SB. StockNews.com lowered shares of Safe Bulkers from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Jefferies Financial Group reissued a “buy” rating and set a $6.00 price target on shares of Safe Bulkers in a research report on Thursday.

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.