Seanergy Maritime (NASDAQ:SHIP) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.56 and traded as high as $6.63. Seanergy Maritime shares last traded at $6.46, with a volume of 49,447 shares trading hands.

Seanergy Maritime Trading Up 0.8%

The business's 50-day simple moving average is $6.16 and its two-hundred day simple moving average is $6.54. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $132.25 million, a PE ratio of 5.17 and a beta of 0.28.

Seanergy Maritime Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 27th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date is Friday, June 27th. Seanergy Maritime's payout ratio is currently 31.50%.

Institutional Trading of Seanergy Maritime

A number of hedge funds and other institutional investors have recently made changes to their positions in SHIP. Quarry LP boosted its stake in Seanergy Maritime by 188.5% during the 4th quarter. Quarry LP now owns 8,703 shares of the shipping company's stock valued at $60,000 after acquiring an additional 5,686 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Seanergy Maritime in the 4th quarter worth about $70,000. Boothbay Fund Management LLC acquired a new stake in shares of Seanergy Maritime in the 4th quarter valued at about $76,000. Aigen Investment Management LP bought a new position in shares of Seanergy Maritime during the fourth quarter worth about $84,000. Finally, Jane Street Group LLC bought a new position in shares of Seanergy Maritime during the fourth quarter worth about $104,000. Institutional investors own 29.36% of the company's stock.

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.