JPMorgan Chase & Co. Boosts Position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

JPMorgan Chase & Co. increased its stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 128.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 133,360 shares of the shipping company's stock after buying an additional 75,079 shares during the quarter. JPMorgan Chase & Co. owned about 0.64% of Seanergy Maritime worth $927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHIP. Trueblood Wealth Management LLC purchased a new stake in shares of Seanergy Maritime in the 4th quarter valued at approximately $97,000. Aigen Investment Management LP acquired a new position in shares of Seanergy Maritime in the 4th quarter valued at $84,000. Finally, R Squared Ltd purchased a new position in shares of Seanergy Maritime during the 4th quarter worth $25,000. Institutional investors and hedge funds own 29.36% of the company's stock.

Seanergy Maritime Trading Up 3.0 %

Seanergy Maritime stock traded up $0.17 during midday trading on Friday, reaching $5.77. 44,746 shares of the stock traded hands, compared to its average volume of 207,863. The firm has a market cap of $117.56 million, a PE ratio of 2.47 and a beta of 0.13. 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 company has a 50-day simple moving average of $6.28 and a two-hundred day simple moving average of $7.32. Seanergy Maritime Holdings Corp. has a 12-month low of $4.78 and a 12-month high of $13.19.

Seanergy Maritime Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 6.93%. Seanergy Maritime's dividend payout ratio (DPR) is presently 18.96%.

Analyst Upgrades and Downgrades

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

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.