Cubist Systematic Strategies LLC lessened its position in shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) by 77.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,049 shares of the shipping company's stock after selling 157,326 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.22% of Seanergy Maritime worth $288,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Seanergy Maritime during the 1st quarter worth $129,000. Mackenzie Financial Corp raised its position in Seanergy Maritime by 153.9% during the fourth quarter. Mackenzie Financial Corp now owns 29,206 shares of the shipping company's stock worth $203,000 after acquiring an additional 17,704 shares during the last quarter. PharVision Advisers LLC acquired a new position in Seanergy Maritime during the fourth quarter worth about $227,000. Squarepoint Ops LLC raised its position in Seanergy Maritime by 50.5% during the fourth quarter. Squarepoint Ops LLC now owns 89,566 shares of the shipping company's stock worth $622,000 after acquiring an additional 30,052 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Seanergy Maritime by 9.8% during the 4th quarter. Two Sigma Investments LP now owns 291,450 shares of the shipping company's stock worth $2,026,000 after purchasing an additional 25,927 shares during the last quarter. Institutional investors and hedge funds own 29.36% of the company's stock.
Seanergy Maritime Price Performance
Shares of Seanergy Maritime stock traded up $0.27 during trading on Wednesday, hitting $8.91. 134,286 shares of the company were exchanged, compared to its average volume of 135,760. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. Seanergy Maritime Holdings Corp has a fifty-two week low of $4.78 and a fifty-two week high of $12.65. The stock has a market capitalization of $186.22 million, a price-to-earnings ratio of 12.21 and a beta of 0.74. The firm has a 50 day moving average price of $7.52 and a 200 day moving average price of $6.70.
Seanergy Maritime Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 29th. Seanergy Maritime's payout ratio is 27.40%.
About Seanergy Maritime
(
Free Report)
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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