Seanergy Maritime Holdings Corp $SHIP Shares Sold by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly reduced its stake in Seanergy Maritime Holdings Corp by 77.7% during Q1, now owning 45,049 shares valued at approximately $288,000.
• Seanergy Maritime announced a quarterly dividend of $0.05 per share, representing an annualized yield of 2.3%, with the ex-dividend date on September 29th.
• The shipping company currently has a market cap of $180.99 million and its stock price was at $8.66 as of the latest trading session.

Cubist Systematic Strategies LLC lessened its holdings in shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) by 77.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,049 shares of the shipping company's stock after selling 157,326 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.22% of Seanergy Maritime worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Seanergy Maritime during the 4th quarter valued at $104,000. Cambridge Investment Research Advisors Inc. purchased a new position in Seanergy Maritime in the 1st quarter worth $129,000. Mackenzie Financial Corp raised its stake in Seanergy Maritime by 153.9% in the 4th 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. Cetera Investment Advisers purchased a new position in Seanergy Maritime in the 4th quarter worth $207,000. Finally, PharVision Advisers LLC purchased a new position in shares of Seanergy Maritime during the 4th quarter valued at about $227,000. Hedge funds and other institutional investors own 29.36% of the company's stock.

Seanergy Maritime Stock Performance

Shares of NASDAQ SHIP traded up $0.16 during trading on Monday, reaching $8.84. 95,580 shares of the company traded hands, compared to its average volume of 159,097. The firm's fifty day simple moving average is $7.38 and its 200 day simple moving average is $6.65. The stock has a market cap of $184.76 million, a P/E ratio of 12.11 and a beta of 0.73. Seanergy Maritime Holdings Corp has a 12-month low of $4.78 and a 12-month high of $12.65. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 0.95.

Seanergy Maritime Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, September 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Seanergy Maritime's dividend payout ratio (DPR) is presently 27.40%.

Seanergy Maritime Company 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.