Safe Bulkers Stock News

Safe Bulkers Inc (NYSE: SB) has agreed to acquire a Japanese dry-bulk 82,000 dwt, Kamsarmax class vessel, with delivery scheduled for 4Q23. Financial terms were not disclosed.

MONACO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into agreement for the acquisition of a Japanese dry-bulk 82,000 dwt, Kamsarmax class vessel with scheduled delivery date within the fourth quarter of 2023.

Here is how Safe Bulkers (SB) and Star Bulk Carriers (SBLK) have performed compared to their sector so far this year.

Charles Schwab Investment Management Inc. increased its stake in shares of Safe Bulkers, Inc. (NYSE:SB) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 118,199 shares of the shipping companys stock after acquiring an additional 8,117 shares during the period. Charles Schwab Investment Management Inc.s holdings in Safe Bulkers were worth []

Virtu Financial LLC bought a new stake in shares of Safe Bulkers, Inc. (NYSE:SB) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,710 shares of the shipping companys stock, valued at approximately $55,000. Other hedge funds and other institutional investors also recently []

Safe Bulkers, Inc. (NYSE:SB) saw a large growth in short interest in the month of October. As of October 29th, there was short interest totalling 1,790,000 shares, a growth of 17.8% from the October 14th total of 1,520,000 shares. Based on an average trading volume of 1,830,000 shares, the days-to-cover ratio is currently 1.0 days. []

AQR Capital Management LLC acquired a new stake in shares of Safe Bulkers, Inc. (NYSE:SB) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 65,781 shares of the shipping companys stock, valued at approximately $264,000. AQR Capital Management LLC owned approximately []

Marshall Wace LLP grew its position in Safe Bulkers, Inc. (NYSE:SB) by 622.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,186,283 shares of the shipping companys stock after buying an additional 1,022,091 shares during the period. Marshall Wace LLP owned approximately 0.99% of []

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest

The heavy selling pressure might have exhausted for Safe Bulkers (SB) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts

The company plays it safe with the majority of its vessels performing on time charter contracts. They significantly reduced their debt and their available liquidity. A dividend may be on the cards in

Safe Bulkers, Inc. (SB) Management on Q3 2021 Results - Earnings Call Transcript

The dry bulk shippers.