JPMorgan Chase & Co. Has $927,000 Stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

JPMorgan Chase & Co. lifted its stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 128.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Trueblood Wealth Management LLC acquired a new stake in Seanergy Maritime during the fourth quarter worth approximately $97,000. Aigen Investment Management LP acquired a new stake in Seanergy Maritime during the 4th quarter worth approximately $84,000. Finally, R Squared Ltd bought a new stake in Seanergy Maritime in the 4th quarter valued at $25,000. Institutional investors own 29.36% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SHIP shares. StockNews.com downgraded Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Maxim Group dropped their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a research note on Monday, February 3rd.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP traded up $0.14 during mid-day trading on Friday, reaching $5.74. The company had a trading volume of 60,446 shares, compared to its average volume of 245,847. Seanergy Maritime Holdings Corp. has a one year low of $4.78 and a one year high of $13.19. The business's 50-day simple moving average is $6.26 and its 200 day simple moving average is $7.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The firm has a market cap of $116.95 million, a price-to-earnings ratio of 2.45 and a beta of 0.20.

Seanergy Maritime Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.40 annualized dividend and a yield of 6.97%. Seanergy Maritime's dividend payout ratio is currently 18.96%.

Seanergy Maritime Company 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.