Mackenzie Financial Corp Purchases 149,439 Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Mackenzie Financial Corp raised its position in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 313.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 197,129 shares of the shipping company's stock after acquiring an additional 149,439 shares during the period. Mackenzie Financial Corp owned approximately 1.00% of Seanergy Maritime worth $1,544,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com upgraded Seanergy Maritime from a "hold" rating to a "buy" rating in a report on Monday, March 18th. Noble Financial lifted their target price on Seanergy Maritime from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, March 18th. Finally, B. Riley increased their price target on Seanergy Maritime from $11.00 to $13.00 and gave the company a "buy" rating in a report on Wednesday, April 10th.

Seanergy Maritime Stock Down 0.5 %

Seanergy Maritime stock traded down $0.05 during midday trading on Wednesday, hitting $9.41. The stock had a trading volume of 182,577 shares, compared to its average volume of 241,332. The company has a current ratio of 0.36, a quick ratio of 0.34 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average price of $8.50 and a 200 day moving average price of $7.36. Seanergy Maritime Holdings Corp. has a 12 month low of $4.03 and a 12 month high of $9.66. The stock has a market cap of $184.77 million, a P/E ratio of 134.43 and a beta of 0.80.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last issued its quarterly earnings results on Friday, March 15th. The shipping company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.41. The business had revenue of $39.43 million during the quarter, compared to the consensus estimate of $33.90 million. Seanergy Maritime had a return on equity of 2.70% and a net margin of 1.68%. Research analysts predict that Seanergy Maritime Holdings Corp. will post 1.07 EPS for the current year.

Seanergy Maritime Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Monday, March 25th were given a $0.025 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.06%. Seanergy Maritime's payout ratio is currently 142.86%.

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.