Seanergy Maritime Holdings Corp (NASDAQ:SHIP – Get Free Report) declared a quarterly dividend on Wednesday, May 27th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.20 per share by the shipping company on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, June 29th.
Seanergy Maritime has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Seanergy Maritime to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 55.9%.
Seanergy Maritime Price Performance
Seanergy Maritime stock opened at $14.15 on Friday. The business has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $12.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.85 and a quick ratio of 0.83. The company has a market capitalization of $295.74 million, a PE ratio of 14.15 and a beta of 0.94. Seanergy Maritime has a one year low of $6.10 and a one year high of $16.81.
Analyst Ratings Changes
SHIP has been the topic of several analyst reports. Wall Street Zen raised shares of Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Zacks Research raised shares of Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. B. Riley Financial boosted their price target on shares of Seanergy Maritime from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Seanergy Maritime in a research note on Friday, March 27th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Seanergy Maritime in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $17.00.
Get Our Latest Stock Report on SHIP
Seanergy Maritime Company Profile
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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