BNP Paribas Financial Markets Buys Shares of 40,931 Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

BNP Paribas Financial Markets acquired a new position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,931 shares of the shipping company's stock, valued at approximately $284,000. BNP Paribas Financial Markets owned about 0.20% of Seanergy Maritime at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Renaissance Technologies LLC boosted its holdings in shares of Seanergy Maritime by 13.5% in the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the shipping company's stock worth $5,276,000 after buying an additional 90,100 shares during the last quarter. Marshall Wace LLP lifted its holdings in Seanergy Maritime by 6.3% during the fourth quarter. Marshall Wace LLP now owns 226,712 shares of the shipping company's stock valued at $1,576,000 after purchasing an additional 13,513 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Seanergy Maritime by 128.8% during the fourth quarter. JPMorgan Chase & Co. now owns 133,360 shares of the shipping company's stock valued at $927,000 after purchasing an additional 75,079 shares in the last quarter. Jane Street Group LLC purchased a new position in Seanergy Maritime during the fourth quarter valued at approximately $104,000. Finally, Aigen Investment Management LP purchased a new position in Seanergy Maritime during the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors own 29.36% of the company's stock.

Analysts Set New Price Targets

SHIP has been the topic of several analyst reports. Maxim Group lowered their price target on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a report on Monday, February 3rd. Wall Street Zen downgraded shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th.

Seanergy Maritime Trading Down 1.4%

SHIP stock traded down $0.09 during mid-day trading on Thursday, reaching $6.21. 153,221 shares of the stock traded hands, compared to its average volume of 223,353. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. Seanergy Maritime Holdings Corp. has a one year low of $4.78 and a one year high of $12.80. The stock has a market capitalization of $126.52 million, a PE ratio of 2.65 and a beta of 0.20. The business has a 50-day moving average price of $5.82 and a two-hundred day moving average price of $6.79.

Seanergy Maritime Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 27th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, June 27th. 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.