Goldman Sachs Group Inc. Has $1.39 Million Stock Position in Seanergy Maritime Holdings Corp $SHIP

Key Points

• Goldman Sachs Group Inc. reduced its stake in Seanergy Maritime Holdings Corp by 24.4% in Q1, now holding 217,057 shares valued at approximately $1.39 million.
• Seanergy Maritime recently declared a quarterly dividend of $0.05, scheduled for payment on October 10th, representing a 2.3% dividend yield.
• The company's stock is currently trading down 3.6%, with a market capitalization of $183.29 million and a price-to-earnings ratio of 12.01.

Goldman Sachs Group Inc. trimmed its stake in shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) by 24.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,057 shares of the shipping company's stock after selling 69,921 shares during the quarter. Goldman Sachs Group Inc. owned about 1.08% of Seanergy Maritime worth $1,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Seanergy Maritime during the 4th quarter worth about $104,000. Cambridge Investment Research Advisors Inc. purchased a new position in Seanergy Maritime during the first quarter valued at approximately $129,000. Mackenzie Financial Corp grew 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 valued at $203,000 after purchasing an additional 17,704 shares in the last quarter. Cetera Investment Advisers purchased a new position in Seanergy Maritime during the fourth quarter valued at approximately $207,000. Finally, BNP Paribas Financial Markets purchased a new position in Seanergy Maritime during the fourth quarter valued at approximately $284,000. 29.36% of the stock is currently owned by institutional investors.

Seanergy Maritime Stock Up 1.6%

SHIP traded up $0.15 on Tuesday, reaching $8.94. 94,204 shares of the company traded hands, compared to its average volume of 157,611. The stock's 50 day moving average price is $7.65 and its 200-day moving average price is $6.73. Seanergy Maritime Holdings Corp has a 52-week low of $4.78 and a 52-week high of $12.65. The company has a market cap of $186.74 million, a price-to-earnings ratio of 12.24 and a beta of 0.73. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.39 and a quick ratio of 0.37.

Seanergy Maritime Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 29th. Seanergy Maritime's payout ratio is currently 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.