SB icon

Safe Bulkers

3.76 USD
+0.07
1.90%
Updated Apr 1, 3:43 PM EDT
1 day
1.90%
5 days
0.80%
1 month
1.90%
3 months
2.73%
6 months
-26.13%
Year to date
2.73%
1 year
-23.42%
5 years
261.54%
10 years
6.21%
 

About: Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services.

Employees: 1,102

0
Funds holding %
of 7,398 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

2,572% more call options, than puts

Call options by funds: $3.53M | Put options by funds: $132K

0.82% less ownership

Funds ownership: 28.69% [Q3] → 27.87% (-0.82%) [Q4]

2% less repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 44

4% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 25

2% less funds holding

Funds holding: 130 [Q3] → 128 (-2) [Q4]

33% less capital invested

Capital invested by funds: $159M [Q3] → $106M (-$52.3M) [Q4]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$6
60%
upside
Avg. target
$6
60%
upside
High target
$6
60%
upside

1 analyst rating

positive
100%
neutral
0%
negative
0%
Jefferies
Omar Nokta
11% 1-year accuracy
6 / 55 met price target
60%upside
$6
Buy
Maintained
19 Feb 2025

Financial journalist opinion

Based on 3 articles about SB published over the past 30 days

Neutral
GlobeNewsWire
1 week ago
Safe Bulkers Announces Participation in Capital Link's Investor Conference in New York on Monday, March 31, 2025
MONACO, March 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today it will participate in the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. During the forum, Safe Bulkers will be available for one-on-one meetings with institutional investors.
Safe Bulkers Announces Participation in Capital Link's Investor Conference in New York on Monday, March 31, 2025
Neutral
GlobeNewsWire
2 weeks ago
3rd Capital Link “Business in Cyprus Forum”: A Premier Gathering for Industry Leaders
Cyprus President & Ministers Address International Investors - April 4, 2025, New York City Cyprus President & Ministers Address International Investors - April 4, 2025, New York City
3rd Capital Link “Business in Cyprus Forum”: A Premier Gathering for Industry Leaders
Neutral
GlobeNewsWire
3 weeks ago
Safe Bulkers Announces Filing of 2024 Annual Report on Form 20-F
MONACO, March 10, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has filed its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission (the “SEC”).
Safe Bulkers Announces Filing of 2024 Annual Report on Form 20-F
Neutral
GlobeNewsWire
1 month ago
Safe Bulkers, Inc. Announces a Three Million Shares of Common Stock Repurchase Program
MONACO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 3,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 2.8% of the shares of the Company's common stock outstanding and 5.4% of its public float. The program supersedes any prior repurchase program of the Company.
Safe Bulkers, Inc. Announces a Three Million Shares of Common Stock Repurchase Program
Neutral
Seeking Alpha
1 month ago
Safe Bulkers, Inc. (SB) Q4 2024 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB ) Q4 2024 Earnings Conference Call February 19, 2025 9:00 AM ET Company Participants Loukas Barmparis - President, Secretary, Director Konstantinos Adamopoulos - CFO & Director Polys Hajioannou - Chairman & CEO Conference Call Participants Omar Nokta - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to the Safe Bulkers conference call and Fourth Quarter 2024 Financial Results. We have with us Mr.
Safe Bulkers, Inc. (SB) Q4 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
1 month ago
Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2024 Results and Declares Dividend on Common Stock
MONACO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and twelve month periods ended December 31, 2024. The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.
Safe Bulkers, Inc. Reports Fourth Quarter and Twelve Months 2024 Results and Declares Dividend on Common Stock
Neutral
GlobeNewsWire
1 month ago
Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2024 Results, Conference Call, and Webcast
Earnings Release: Tuesday, February 18, 2025, After Market Closes Conference Call and Webcast: Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time MONACO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the fourth quarter ended December 31, 2024, after the market closes in New York on Tuesday, February 18, 2025.
Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2024 Results, Conference Call, and Webcast
Neutral
GlobeNewsWire
2 months ago
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
MONACO, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
Positive
Seeking Alpha
2 months ago
Safe Bulkers: Safe Route To Financial Stability Despite Headwinds
Safe Bulkers' Q3/9M results show impressive growth in net operating revenue and operating margin, driven by increased and newer vessels and improved operating efficiency. SB's capitalization on more efficient fleets may allow it to remain profitable despite headwinds. The Company's liquidity is robust, with stable debt levels and strong cash reserves, enabling fleet modernization, debt coverage, and sustained dividend payouts.
Safe Bulkers: Safe Route To Financial Stability Despite Headwinds
Positive
Seeking Alpha
3 months ago
Safe Bulkers: Maintaining Buy Rating On This Quality Shipper
Safe Bulkers, with a $380 million market cap, owns a young fleet of 46 vessels, emphasizing fleet modernization and environmental compliance. Q3 revenues rose 17% YoY to $76 million, with EPS of $0.16 and strong liquidity over $300 million. Trading at a 4.38x EV/EBITDA multiple, Safe Bulkers appears undervalued compared to peers, with consistent double-digit revenue growth.
Safe Bulkers: Maintaining Buy Rating On This Quality Shipper
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