Seanergy Maritime Holdings Corp. Expected to Earn Q1 2024 Earnings of $0.28 Per Share (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) - Investment analysts at B. Riley boosted their Q1 2024 EPS estimates for shares of Seanergy Maritime in a research note issued on Tuesday, April 9th. B. Riley analyst L. Burke now forecasts that the shipping company will earn $0.28 per share for the quarter, up from their prior forecast of $0.27. B. Riley has a "Buy" rating and a $13.00 price objective on the stock. The consensus estimate for Seanergy Maritime's current full-year earnings is $0.78 per share. B. Riley also issued estimates for Seanergy Maritime's Q4 2024 earnings at $0.36 EPS.

A number of other equities analysts also recently commented on the stock. StockNews.com raised shares of Seanergy Maritime from a "hold" rating to a "buy" rating in a report on Monday, March 18th. Noble Financial raised their price objective on shares of Seanergy Maritime from $10.00 to $12.00 and gave the stock an "outperform" rating in a report on Monday, March 18th.

Seanergy Maritime Price Performance

Shares of NASDAQ:SHIP traded up $0.27 during midday trading on Thursday, reaching $8.92. 474,183 shares of the company's stock were exchanged, compared to its average volume of 219,678. The company's 50 day simple moving average is $8.22 and its two-hundred day simple moving average is $7.14. The firm has a market capitalization of $175.27 million, a PE ratio of 127.43 and a beta of 0.80. Seanergy Maritime has a 12 month low of $4.03 and a 12 month high of $9.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.34 and a current ratio of 0.36.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last released its quarterly earnings data on Friday, March 15th. The shipping company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.41. The company had revenue of $39.43 million during the quarter, compared to the consensus estimate of $33.90 million. Seanergy Maritime had a net margin of 1.68% and a return on equity of 2.70%.

Seanergy Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 25th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, March 22nd. Seanergy Maritime's dividend payout ratio (DPR) is currently 142.86%.

Institutional Investors Weigh In On Seanergy Maritime

A number of hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in Seanergy Maritime in the 1st quarter valued at about $61,000. Equitable Holdings Inc. acquired a new stake in Seanergy Maritime in the 1st quarter valued at about $64,000. Renaissance Technologies LLC increased its position in Seanergy Maritime by 290.5% in the 1st quarter. Renaissance Technologies LLC now owns 2,827,275 shares of the shipping company's stock valued at $3,223,000 after acquiring an additional 2,103,300 shares in the last quarter. State Street Corp increased its position in Seanergy Maritime by 106.3% in the 1st quarter. State Street Corp now owns 171,130 shares of the shipping company's stock valued at $204,000 after acquiring an additional 88,179 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Seanergy Maritime by 183.1% in the 1st quarter. Jane Street Group LLC now owns 127,749 shares of the shipping company's stock valued at $146,000 after acquiring an additional 82,629 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company's stock.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 vessels with an aggregate cargo carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp.