Weiss Ratings Reiterates “Sell (D+)” Rating for Seanergy Maritime (NASDAQ:SHIP)

Seanergy Maritime (NASDAQ:SHIP)‘s stock had its “sell (d+)” rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP opened at $8.23 on Friday. The firm’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.02. Seanergy Maritime has a 1-year low of $4.78 and a 1-year high of $10.16. The firm has a market capitalization of $172.01 million, a P/E ratio of 11.27 and a beta of 0.72. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 0.95.

Institutional Investors Weigh In On Seanergy Maritime

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its position in shares of Seanergy Maritime by 12.9% during 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 in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Seanergy Maritime during the second quarter worth about $90,000. WMG Financial Advisors LLC bought a new stake in shares of Seanergy Maritime during the second quarter worth about $109,000. R Squared Ltd bought a new stake in shares of Seanergy Maritime during the second quarter worth about $122,000. Finally, Jane Street Group LLC bought a new stake in shares of Seanergy Maritime during the second quarter worth about $124,000. 29.36% of the stock is owned by institutional investors.

About Seanergy Maritime

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.