Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $6.50 and traded as high as $6.80. Seanergy Maritime shares last traded at $6.76, with a volume of 191,714 shares changing hands.
Seanergy Maritime Stock Performance
The company's 50-day moving average price is $6.31 and its two-hundred day moving average price is $6.50. The company has a market cap of $138.70 million, a P/E ratio of 5.42 and a beta of 0.28. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Friday, June 27th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Friday, June 27th. Seanergy Maritime's dividend payout ratio (DPR) is currently 15.75%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Millennium Management LLC boosted its position in shares of Seanergy Maritime by 46.4% in the fourth quarter. Millennium Management LLC now owns 570,330 shares of the shipping company's stock worth $3,964,000 after buying an additional 180,876 shares during the period. Cubist Systematic Strategies LLC lifted its stake in Seanergy Maritime by 99.1% in the 4th quarter. Cubist Systematic Strategies LLC now owns 202,375 shares of the shipping company's stock worth $1,407,000 after acquiring an additional 100,749 shares in the last quarter. Renaissance Technologies LLC boosted its position in Seanergy Maritime by 13.5% during the 4th 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. JPMorgan Chase & Co. boosted 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. Finally, BNP Paribas Financial Markets purchased a new position in Seanergy Maritime during the 4th quarter valued at about $284,000. 29.36% of the stock is 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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