Seanergy Maritime (NASDAQ:SHIP) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Seanergy Maritime's share price recently surpassed its 200-day moving average, reaching a high of $7.45 before closing at $7.28.
• The company declared a quarterly dividend of $0.05 per share, representing a 2.7% dividend yield with a payout ratio of 15.75%.
• Institutional investors hold 29.36% of Seanergy Maritime's stock, with notable increases in stakes from firms like JPMorgan Chase & Co. and Renaissance Technologies LLC.

Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.50 and traded as high as $7.45. Seanergy Maritime shares last traded at $7.28, with a volume of 206,302 shares changing hands.

Seanergy Maritime Trading Down 0.8%

The stock has a market capitalization of $149.79 million, a price-to-earnings ratio of 10.18 and a beta of 0.39. The firm has a 50-day moving average of $6.75 and a 200 day moving average of $6.51. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

Seanergy Maritime Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.7%. Seanergy Maritime's dividend payout ratio is 27.40%.

Institutional Trading of Seanergy Maritime

Institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Seanergy Maritime in the first quarter valued at $129,000. Jane Street Group LLC acquired a new stake in shares of Seanergy Maritime in the fourth quarter valued at $104,000. BNP Paribas Financial Markets acquired a new stake in shares of Seanergy Maritime in the fourth quarter valued at $284,000. Two Sigma Investments LP lifted its holdings in shares of Seanergy Maritime by 9.8% in the fourth quarter. Two Sigma Investments LP now owns 291,450 shares of the shipping company's stock valued at $2,026,000 after buying an additional 25,927 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Seanergy Maritime by 13.5% in the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the shipping company's stock valued at $5,276,000 after buying an additional 90,100 shares during the period. Institutional investors and hedge funds own 29.36% of the company's stock.

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.