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

A number of other hedge funds and other institutional investors have also modified their holdings of SHIP. Jane Street Group LLC bought a new position in shares of Seanergy Maritime during the 4th quarter valued at $104,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Seanergy Maritime during the 1st quarter valued at $129,000. Mackenzie Financial Corp grew its stake in Seanergy Maritime by 153.9% in the 4th quarter. Mackenzie Financial Corp now owns 29,206 shares of the shipping company's stock valued at $203,000 after buying an additional 17,704 shares during the last quarter. Cetera Investment Advisers acquired a new position in Seanergy Maritime in the 4th quarter valued at $207,000. Finally, PharVision Advisers LLC acquired a new position in Seanergy Maritime in the 4th quarter valued at $227,000. Institutional investors own 29.36% of the company's stock.

Seanergy Maritime Stock Performance

NASDAQ:SHIP traded up $0.07 during midday trading on Tuesday, reaching $8.23. The stock had a trading volume of 59,510 shares, compared to its average volume of 159,035. Seanergy Maritime Holdings Corp has a 1-year low of $4.78 and a 1-year high of $12.65. The firm's fifty day simple moving average is $7.21 and its 200-day simple moving average is $6.61. 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 stock has a market capitalization of $172.01 million, a P/E ratio of 11.28 and a beta of 0.73.

Seanergy Maritime Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.05 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.20 dividend on an annualized basis and a yield of 2.4%. Seanergy Maritime's dividend payout ratio (DPR) is presently 27.40%.

About Seanergy Maritime

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.