Seanergy Maritime Holdings Corp (NASDAQ:SHIP - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.48 and traded as high as $17.22. Seanergy Maritime shares last traded at $16.89, with a volume of 158,679 shares traded.
Analysts Set New Price Targets
SHIP has been the topic of several recent analyst reports. B. Riley Financial raised their price objective on shares of Seanergy Maritime from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Zacks Research raised shares of Seanergy Maritime from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded Seanergy Maritime from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to MarketBeat.com, Seanergy Maritime presently has a consensus rating of "Buy" and an average price target of $25.00.
Read Our Latest Stock Analysis on SHIP
Seanergy Maritime Stock Down 0.6%
The firm has a market capitalization of $353.03 million, a PE ratio of 5.91 and a beta of 0.92. The company has a fifty day moving average price of $15.50 and a 200-day moving average price of $14.48. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.83 and a current ratio of 0.85.
Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last posted its earnings results on Thursday, July 30th. The shipping company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.27. Seanergy Maritime had a net margin of 30.68% and a return on equity of 21.87%. The firm had revenue of $55.69 million during the quarter, compared to analyst estimates of $53.90 million. As a group, analysts expect that Seanergy Maritime Holdings Corp will post 3.16 earnings per share for the current year.
Seanergy Maritime Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Friday, September 25th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Friday, September 25th. This is an increase from Seanergy Maritime's previous quarterly dividend of $0.20. Seanergy Maritime's dividend payout ratio is 48.95%.
Insider Buying and Selling at Seanergy Maritime
In other news, Director Christina Anagnostara sold 15,000 shares of the business's stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $17.19, for a total value of $257,850.00. Following the sale, the director directly owned 178,239 shares in the company, valued at $3,063,928.41. The trade was a 7.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.70% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHIP. Russell Investments Group Ltd. bought a new stake in Seanergy Maritime during the fourth quarter worth approximately $41,000. Truist Financial Corp bought a new stake in shares of Seanergy Maritime in the 4th quarter valued at approximately $113,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Seanergy Maritime in the 4th quarter valued at approximately $119,000. Jane Street Group LLC bought a new stake in shares of Seanergy Maritime in the 2nd quarter valued at approximately $124,000. Finally, Virtu Financial LLC purchased a new position in shares of Seanergy Maritime in the 3rd quarter worth approximately $134,000. Hedge funds and other institutional investors own 29.36% of the company's stock.
Seanergy Maritime Company Profile
(
Get Free Report)
Seanergy Maritime Holdings Corp. NASDAQ: SHIP is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company's operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.
The company's core assets consist of a fleet of modern dry bulk carriers, spanning Capesize, Panamax and Supramax classes.
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