FY2026 EPS Estimate for Seanergy Maritime Lowered by Analyst

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) - Equities researchers at B. Riley cut their FY2026 EPS estimates for shares of Seanergy Maritime in a research note issued to investors on Thursday, April 24th. B. Riley analyst L. Burke now forecasts that the shipping company will earn $1.13 per share for the year, down from their prior forecast of $1.15. The consensus estimate for Seanergy Maritime's current full-year earnings is $2.01 per share.

A number of other research analysts have also commented on SHIP. StockNews.com lowered Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Maxim Group lowered their target price on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd.

Seanergy Maritime Stock Performance

NASDAQ:SHIP traded up $0.12 during mid-day trading on Monday, hitting $5.72. The stock had a trading volume of 12,612 shares, compared to its average volume of 245,414. Seanergy Maritime has a 52 week low of $4.78 and a 52 week high of $13.19. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $116.44 million, a price-to-earnings ratio of 2.44 and a beta of 0.13. The company has a 50 day simple moving average of $6.28 and a 200-day simple moving average of $7.32.

Institutional Trading of Seanergy Maritime

Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC lifted its holdings 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 buying an additional 180,876 shares during the last quarter. Cubist Systematic Strategies LLC grew its position in Seanergy Maritime by 99.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 202,375 shares of the shipping company's stock worth $1,407,000 after acquiring an additional 100,749 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Seanergy Maritime by 13.5% during the 4th quarter. Renaissance Technologies LLC now owns 759,100 shares of the shipping company's stock worth $5,276,000 after purchasing an additional 90,100 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Seanergy Maritime by 128.8% during the 4th quarter. JPMorgan Chase & Co. now owns 133,360 shares of the shipping company's stock valued at $927,000 after purchasing an additional 75,079 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Seanergy Maritime in the 4th quarter valued at $284,000. Institutional investors and hedge funds own 29.36% of the company's stock.

Seanergy Maritime Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date was Thursday, March 27th. Seanergy Maritime's dividend payout ratio is 18.96%.

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.