Safe Bulkers Inc (Symbol: SB) has been ranked as the #10 stock among major brokerage analyst picks for strong buyback activity, according to a study by The Online Investor. To qualify for this ranking, stocks must have repurchased at least 5% of their outstanding shares over the trailing twelve months.
SB operates in the Shipping sector, alongside companies such as Kirby Corp. (KEX), which has seen a decline of about 0.8%, and Matson Inc (MATX), down approximately 1.3%. As of midday Monday, SB is trading up about 0.8%.
