12 Popular Penny Stocks on Robinhood to Watch

Page 8 of 10

3. Safe Bulkers Inc. (NYSE:SB)

No of hedge fund holders: 14

Safe Bulkers Inc. (NYSE:SB) is a provider of international marine dry bulk transportation services, specializing in the efficient movement of essential bulk cargoes such as coal, grain, and iron ore.

Safe Bulkers Inc. (NYSE:SB) has announced its participation in the 19th Annual Capital Link International Shipping Forum, scheduled for Monday, March 31, 2025, at the Metropolitan Club in New York City. The forum, a key event in the global shipping industry, will gather executives, investors, and analysts to discuss critical macroeconomic trends and market dynamics affecting the shipping sector. Safe Bulkers will be available for one-on-one meetings with institutional investors, providing an opportunity to engage with the company’s leadership and gain insights into its performance and outlook.

Safe Bulkers Inc. (NYSE:SB) reported its unaudited financial results for the fourth quarter and full year ending December 31, 2024. The company’s annual net revenues increased from $284.4 million in 2023 to $307.6 million in 2024. Net income also saw growth on an annual basis, rising from $77.4 million in 2023 to $97.4 million in 2024. The earnings per share (EPS) for 2024 was $0.83, a significant increase from 2023’s EPS of $0.61.

Page 8 of 10