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

Renaissance Technologies LLC increased its holdings in shares of Safe Bulkers, Inc (NYSE:SB) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,557,921 shares of the shipping company’s stock after buying an additional 68,155 shares during the period. Renaissance Technologies LLC’s holdings in Safe Bulkers were worth $22,522,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. UBS Group AG increased its holdings in Safe Bulkers by 17.3% in the fourth quarter. UBS Group AG now owns 806,379 shares of the shipping company’s stock valued at $3,887,000 after purchasing an additional 118,681 shares during the last quarter. Fearnley Asset Management AS acquired a new position in Safe Bulkers in the fourth quarter valued at about $5,112,000. Aristides Capital LLC bought a new position in Safe Bulkers during the fourth quarter worth about $161,000. Tower Research Capital LLC TRC boosted its holdings in Safe Bulkers by 73.4% during the second quarter. Tower Research Capital LLC TRC now owns 11,088 shares of the shipping company’s stock worth $40,000 after buying an additional 4,692 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Safe Bulkers by 77.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,917 shares of the shipping company’s stock worth $31,000 after buying an additional 2,150 shares during the period. 21.69% of the stock is currently owned by institutional investors and hedge funds.

Key Safe Bulkers News

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

Safe Bulkers Price Performance

Shares of SB stock opened at $7.57 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.46. Safe Bulkers, Inc has a 12-month low of $3.61 and a 12-month high of $8.05. The firm has a fifty day moving average of $6.80 and a 200-day moving average of $6.41. The firm has a market capitalization of $773.60 million, a price-to-earnings ratio of 9.70 and a beta of 0.84.

Safe Bulkers (NYSE:SB) last issued its quarterly earnings data on Tuesday, July 28th. The shipping company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $87.47 million for the quarter, compared to the consensus estimate of $77.50 million. Safe Bulkers had a return on equity of 9.73% and a net margin of 28.29%.

Safe Bulkers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.075 per share. This is an increase from Safe Bulkers’s previous quarterly dividend of $0.06. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, August 13th. Safe Bulkers’s payout ratio is 53.33%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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 issued a Hold rating to the company. According to data from MarketBeat.com, Safe Bulkers currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Safe Bulkers Profile

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.