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

BNP Paribas Financial Markets bought a new stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 40,931 shares of the shipping company's stock, valued at approximately $284,000. BNP Paribas Financial Markets owned approximately 0.20% of Seanergy Maritime as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SHIP. Renaissance Technologies LLC grew 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 valued at $5,276,000 after acquiring an additional 90,100 shares in the last quarter. JPMorgan Chase & Co. grew 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 during the period. Jane Street Group LLC bought a new position in Seanergy Maritime during the fourth quarter valued at $104,000. Marshall Wace LLP grew 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 during the period. Finally, Aigen Investment Management LP bought a new position in Seanergy Maritime during the fourth quarter valued at $84,000. 29.36% of the stock is owned by institutional investors.

Seanergy Maritime Price Performance

Shares of SHIP stock traded down $0.03 on Friday, reaching $6.18. The company's stock had a trading volume of 104,335 shares, compared to its average volume of 222,516. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. Seanergy Maritime Holdings Corp. has a 12-month low of $4.78 and a 12-month high of $12.80. The company has a market capitalization of $125.91 million, a P/E ratio of 2.64 and a beta of 0.20. The stock's 50 day simple moving average is $5.81 and its 200-day simple moving average is $6.74.

Seanergy Maritime Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 27th will be given a $0.05 dividend. The ex-dividend date is Friday, June 27th. Seanergy Maritime's dividend payout ratio (DPR) is presently 18.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SHIP shares. Maxim Group reduced their price objective on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Wall Street Zen lowered Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th.

About Seanergy Maritime

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.