Two Sigma Advisers LP Reduces Stock Holdings in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Two Sigma Advisers LP reduced its position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,646 shares of the shipping company's stock after selling 44,600 shares during the period. Two Sigma Advisers LP owned about 1.03% of Seanergy Maritime worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its holdings in Seanergy Maritime by 9.8% in the fourth quarter. Two Sigma Investments LP now owns 291,450 shares of the shipping company's stock valued at $2,026,000 after buying an additional 25,927 shares in the last quarter. Millennium Management LLC grew its position in shares of Seanergy Maritime by 46.4% during the 4th 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. Graham Capital Management L.P. purchased a new position in shares of Seanergy Maritime in the 4th quarter valued at about $266,000. Cubist Systematic Strategies LLC raised its holdings in Seanergy Maritime by 99.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 202,375 shares of the shipping company's stock worth $1,407,000 after purchasing an additional 100,749 shares during the period. Finally, Cetera Investment Advisers purchased a new position in shares of Seanergy Maritime during the 4th quarter valued at approximately $207,000. 29.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP traded up $0.01 during midday trading on Wednesday, hitting $6.50. The stock had a trading volume of 245,825 shares, compared to its average volume of 221,157. Seanergy Maritime Holdings Corp. has a 1 year low of $4.78 and a 1 year high of $12.65. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The stock has a 50 day simple moving average of $5.79 and a 200-day simple moving average of $6.72. The company has a market capitalization of $132.43 million, a PE ratio of 2.78 and a beta of 0.20.

Seanergy Maritime Announces Dividend

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

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.