Millennium Management LLC Increases Stock Position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Millennium Management LLC lifted its stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 46.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 570,330 shares of the shipping company's stock after purchasing an additional 180,876 shares during the quarter. Millennium Management LLC owned about 2.76% of Seanergy Maritime worth $3,964,000 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. R Squared Ltd acquired a new position in Seanergy Maritime during the fourth quarter worth $25,000. Quarry LP lifted its holdings in shares of Seanergy Maritime by 188.5% in the fourth quarter. Quarry LP now owns 8,703 shares of the shipping company's stock valued at $60,000 after purchasing an additional 5,686 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seanergy Maritime in the fourth quarter valued at approximately $70,000. Boothbay Fund Management LLC purchased a new position in shares of Seanergy Maritime during the 4th quarter worth approximately $76,000. Finally, Aigen Investment Management LP purchased a new position in shares of Seanergy Maritime during the 4th quarter worth approximately $84,000. Hedge funds and other institutional investors own 29.36% of the company's stock.

Seanergy Maritime Trading Up 1.1%

Shares of NASDAQ SHIP traded up $0.07 on Tuesday, reaching $6.49. 118,706 shares of the company traded hands, compared to its average volume of 221,407. The stock has a market capitalization of $132.23 million, a PE ratio of 2.77 and a beta of 0.20. The company has a 50 day moving average of $5.79 and a 200 day moving average of $6.72. Seanergy Maritime Holdings Corp. has a fifty-two week low of $4.78 and a fifty-two week high of $12.80. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.

Seanergy Maritime Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 10th. Investors of record on Friday, June 27th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, June 27th. Seanergy Maritime's dividend payout ratio is currently 15.75%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Maxim Group reduced their price objective on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Wall Street Zen downgraded shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th.

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.