Renaissance Technologies LLC Has $22.52 Million Stock Holdings in Safe Bulkers, Inc $SB

Renaissance Technologies LLC lifted its position in Safe Bulkers, Inc (NYSE:SB) by 2.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,557,921 shares of the shipping company’s stock after purchasing an additional 68,155 shares during the quarter. Renaissance Technologies LLC owned 3.48% of Safe Bulkers worth $22,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SB. Fearnley Asset Management AS acquired a new position in Safe Bulkers in the fourth quarter valued at about $5,112,000. Goldman Sachs Group Inc. increased its holdings in shares of Safe Bulkers by 30.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,651,114 shares of the shipping company’s stock worth $12,778,000 after buying an additional 617,711 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Safe Bulkers during the fourth quarter worth approximately $1,571,000. Sei Investments Co. raised its stake in shares of Safe Bulkers by 692.7% in the first quarter. Sei Investments Co. now owns 262,615 shares of the shipping company’s stock valued at $1,662,000 after acquiring an additional 229,486 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Safe Bulkers in the third quarter valued at approximately $629,000. Institutional investors and hedge funds own 21.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Safe Bulkers from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Safe Bulkers presently has an average rating of “Hold” and a consensus price target of $6.00.

Safe Bulkers Trading Up 1.3%

SB opened at $7.57 on Thursday. Safe Bulkers, Inc has a 1-year low of $3.61 and a 1-year high of $8.05. The stock has a market capitalization of $773.60 million, a PE ratio of 9.70 and a beta of 0.84. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $6.80 and a two-hundred day moving average price of $6.41.

Safe Bulkers (NYSE:SB) last announced its earnings results on Tuesday, July 28th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Safe Bulkers had a net margin of 28.29% and a return on equity of 9.73%. The company had revenue of $87.47 million for the quarter, compared to analyst estimates of $77.50 million.

Safe Bulkers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, August 13th will be given a $0.075 dividend. This is a boost from Safe Bulkers’s previous quarterly dividend of $0.06. The ex-dividend date is Thursday, August 13th. This represents a $0.30 annualized dividend and a yield of 4.0%. Safe Bulkers’s dividend payout ratio is presently 53.33%.

Trending Headlines about Safe Bulkers

Here are the key news stories impacting Safe Bulkers this week:

• Positive Sentiment: Quarterly earnings exceeded expectations. Safe Bulkers reported adjusted earnings of $0.28 per share, topping the $0.22 analyst consensus, while revenue reached $87.47 million versus expectations of $77.50 million. The earnings beat indicates stronger-than-anticipated operating performance in its drybulk shipping business. Safe Bulkers Q2 Earnings Snapshot
• Positive Sentiment: Dividend increased 25%. The company raised its quarterly dividend from $0.06 to $0.075 per share, equivalent to an annualized payout of $0.30 and an indicated yield of approximately 3.9%. Shareholders of record on August 13 will receive the payment on August 26. The higher payout may support the stock among income-focused investors, although the ex-dividend date can produce normal short-term trading adjustments. Safe Bulkers raises quarterly dividend by 25%
• Positive Sentiment: Management discussed the second-quarter performance and outlook. The earnings call transcript gives investors additional commentary following the results and dividend announcement, which may help assess drybulk market conditions, vessel utilization and future cash generation. Safe Bulkers Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Annual meeting scheduled. Safe Bulkers will hold its 2026 annual meeting on September 10 and is moving to online proxy distribution. The announcement is primarily administrative and is unlikely to materially affect valuation. Safe Bulkers annual meeting announcement

About Safe Bulkers

Safe Bulkers Inc (NYSE: SB) is a dry bulk shipping company engaged in the ocean transport of commodities such as iron ore, coal, grain, and fertilizers. The company operates a modern fleet of vessels, including Panamax, Supramax and Kamsarmax bulk carriers, designed to serve a variety of trade routes and cargo types. Safe Bulkers’ fleet is employed under both time charter and voyage charter arrangements, offering flexibility to respond to market demand and optimize vessel utilization.

Founded in 2008, Safe Bulkers began trading its shares on the New York Stock Exchange in the same year, establishing itself as a publicly listed provider of dry bulk transportation services.