Safe Bulkers (SB)

• Market cap: $389M
• 1 day: 3.70%
• 5 days: 1.11%
• 1 month: -10.78%
• 3 months: -25.41%
• 6 months: -38.51%
• Year to date: -7.85%
• 1 year: -9.23%
• 5 years: 110.40%
• 10 years: -9.68%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

75% more call options, than puts

Call options by funds: $7.16M | Put options by funds: $4.09M

2% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 45

0.79% less ownership

Funds ownership: 28.91% [Q2] → 28.12% (-0.79%) [Q3]

4% less funds holding

Funds holding: 135 [Q2] → 130 (-5) [Q3]

13% less capital invested

Capital invested by funds: $180M [Q2] → $155M (-$24.2M) [Q3]

19% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 27

Research analyst outlook

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

• Low target: $6 65% upside
• Avg. target: $6 65% upside
• High target: $6 65% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Jefferies Omar Nokta 11% 1-year accuracy 6 / 57 met price target

65% upside $6

Buy Maintained

14 Nov 2024