Walleye Capital LLC Decreases Holdings in Seanergy Maritime Holdings Corp $SHIP

Key Points

• Walleye Capital LLC significantly decreased its holdings in Seanergy Maritime Holdings Corp by 87.4%, now owning only 47,337 shares after selling 327,298 shares in the first quarter.
• Seanergy Maritime announced a quarterly dividend of $0.05 per share, resulting in an annualized yield of 2.5% for shareholders on the record date of September 29th.
• The company's stock has a market cap of $164.07 million and has fluctuated between a 1-year low of $4.78 and a high of $12.65.

Walleye Capital LLC trimmed its holdings in shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Free Report) by 87.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,337 shares of the shipping company's stock after selling 327,298 shares during the period. Walleye Capital LLC owned 0.23% of Seanergy Maritime worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in Seanergy Maritime during the 1st quarter worth $129,000. Jane Street Group LLC purchased a new stake in Seanergy Maritime during the 4th quarter worth $104,000. BNP Paribas Financial Markets purchased a new stake in Seanergy Maritime during the 4th quarter worth $284,000. Two Sigma Investments LP boosted its position in 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 during the period. Finally, Mackenzie Financial Corp boosted its position in Seanergy Maritime by 153.9% during the 4th quarter. Mackenzie Financial Corp now owns 29,206 shares of the shipping company's stock worth $203,000 after purchasing an additional 17,704 shares during the period. 29.36% of the stock is owned by hedge funds and other institutional investors.

Seanergy Maritime Stock Performance

NASDAQ:SHIP opened at $7.85 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.39 and a quick ratio of 0.37. The firm has a 50-day moving average of $7.11 and a two-hundred day moving average of $6.60. The stock has a market cap of $164.07 million, a P/E ratio of 10.75 and a beta of 0.74. Seanergy Maritime Holdings Corp has a 1-year low of $4.78 and a 1-year high of $12.65.

Seanergy Maritime Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend 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.

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