Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.91 and traded as high as $8.14. Seanergy Maritime shares last traded at $8.03, with a volume of 77,852 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Seanergy Maritime in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Seanergy Maritime presently has a consensus rating of "Hold" and an average price target of $11.00.
View Our Latest Stock Report on Seanergy Maritime
Seanergy Maritime Stock Performance
The company has a debt-to-equity ratio of 0.95, a current ratio of 0.39 and a quick ratio of 0.37. The firm has a market cap of $167.83 million, a price-to-earnings ratio of 11.00 and a beta of 0.72. The firm has a fifty day simple moving average of $8.14 and a two-hundred day simple moving average of $6.91.
Seanergy Maritime Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, September 29th. Seanergy Maritime's dividend payout ratio (DPR) is presently 27.40%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of SHIP. BNP Paribas Financial Markets boosted its stake in shares of Seanergy Maritime by 12.9% in the second quarter. BNP Paribas Financial Markets now owns 23,781 shares of the shipping company's stock worth $150,000 after acquiring an additional 2,713 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Seanergy Maritime during the second quarter worth $90,000. WMG Financial Advisors LLC acquired a new position in Seanergy Maritime during the second quarter worth $109,000. R Squared Ltd acquired a new position in Seanergy Maritime during the second quarter worth $122,000. Finally, Jane Street Group LLC acquired a new position in Seanergy Maritime during the second quarter worth $124,000. 29.36% of the stock is currently owned by hedge funds and other institutional investors.
About Seanergy Maritime
(
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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.
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