Seanergy Maritime (NASDAQ:SHIP) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

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)'s share price crossed 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 Stock Up 0.4%

The company has a fifty day moving average of $6.73 and a 200 day moving average of $6.51. The company has a market cap of $151.00 million, a P/E ratio of 10.26 and a beta of 0.39. The company has a quick ratio of 0.72, a current ratio of 0.74 and a debt-to-equity ratio of 1.25.

Seanergy Maritime Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.7%. Seanergy Maritime's dividend payout ratio is presently 27.40%.

Institutional Investors Weigh In On Seanergy Maritime

A number of hedge funds have recently made changes to their positions in SHIP. JPMorgan Chase & Co. lifted its position in Seanergy Maritime by 128.8% during the 4th quarter. JPMorgan Chase & Co. now owns 133,360 shares of the shipping company's stock worth $927,000 after acquiring an additional 75,079 shares during the period. Renaissance Technologies LLC raised its position in Seanergy Maritime by 13.5% during the fourth quarter. Renaissance Technologies LLC now owns 759,100 shares of the shipping company's stock worth $5,276,000 after acquiring an additional 90,100 shares during the period. Marshall Wace LLP raised its holdings in shares of Seanergy Maritime by 6.3% during the fourth quarter. Marshall Wace LLP now owns 226,712 shares of the shipping company's stock valued at $1,576,000 after acquiring an additional 13,513 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in Seanergy Maritime during the 4th quarter worth $70,000. Finally, Boothbay Fund Management LLC purchased a new position in Seanergy Maritime in the 4th quarter worth approximately $76,000. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.