Cubist Systematic Strategies LLC Boosts Position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Cubist Systematic Strategies LLC lifted its position in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 99.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,375 shares of the shipping company's stock after purchasing an additional 100,749 shares during the quarter. Cubist Systematic Strategies LLC owned 0.98% of Seanergy Maritime worth $1,407,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Seanergy Maritime during the 4th quarter worth $25,000. Quarry LP raised its holdings in Seanergy Maritime by 188.5% in the 4th quarter. Quarry LP now owns 8,703 shares of the shipping company's stock valued at $60,000 after buying an additional 5,686 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Seanergy Maritime in the 4th quarter valued at about $70,000. Boothbay Fund Management LLC acquired a new position in Seanergy Maritime in the 4th quarter valued at about $76,000. Finally, Aigen Investment Management LP acquired a new position in shares of Seanergy Maritime during the fourth quarter worth about $84,000. Institutional investors and hedge funds own 29.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Maxim Group lowered their price target on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a report on Monday, February 3rd. StockNews.com cut Seanergy Maritime from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th.

Seanergy Maritime Stock Performance

NASDAQ SHIP opened at $5.98 on Tuesday. The business's 50-day moving average price is $6.10 and its 200 day moving average price is $7.06. Seanergy Maritime Holdings Corp. has a twelve month low of $4.78 and a twelve month high of $13.19. The company has a market capitalization of $121.84 million, a PE ratio of 2.56 and a beta of 0.20. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.

Seanergy Maritime Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.69%. Seanergy Maritime's dividend payout ratio (DPR) is 18.96%.

Seanergy Maritime Profile

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.

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