Goldman Sachs Group Inc. Has $1.39 Million 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 position in Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) by 24.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 1.08% of Seanergy Maritime worth $1,389,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Seanergy Maritime by 46.4% in the fourth quarter. Millennium Management LLC now owns 570,330 shares of the shipping company's stock valued at $3,964,000 after acquiring an additional 180,876 shares during the period. BNP Paribas Financial Markets acquired a new stake in Seanergy Maritime in the 4th quarter worth about $284,000. Squarepoint Ops LLC boosted its holdings in Seanergy Maritime by 50.5% in the 4th quarter. Squarepoint Ops LLC now owns 89,566 shares of the shipping company's stock valued at $622,000 after purchasing an additional 30,052 shares during the period. Cetera Investment Advisers acquired a new position in shares of Seanergy Maritime during the 4th quarter worth approximately $207,000. Finally, Two Sigma Investments LP grew 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 in the last quarter. Institutional investors own 29.36% of the company's stock.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP traded up $0.02 during midday trading on Monday, reaching $8.79. The company's stock had a trading volume of 133,376 shares, compared to its average volume of 158,002. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.37 and a current ratio of 0.39. The company has a market cap of $183.73 million, a P/E ratio of 12.04 and a beta of 0.74. The business's 50 day moving average price is $7.61 and its two-hundred day moving average price is $6.72. Seanergy Maritime Holdings Corp has a fifty-two week low of $4.78 and a fifty-two week high of $12.65.

Seanergy Maritime Announces Dividend

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

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.