Seanergy Maritime Holdings Corp (NASDAQ:SHIP – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.32 and traded as high as $15.67. Seanergy Maritime shares last traded at $15.45, with a volume of 151,905 shares trading hands.
Analyst Ratings Changes
SHIP has been the subject of several analyst reports. Zacks Research downgraded Seanergy Maritime from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. B. Riley Financial boosted their target price on shares of Seanergy Maritime from $17.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Noble Financial restated an “outperform” rating on shares of Seanergy Maritime in a report on Monday, February 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Seanergy Maritime in a report on Friday, March 27th. Finally, Wall Street Zen upgraded shares of Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.00.
View Our Latest Stock Analysis on Seanergy Maritime
Seanergy Maritime Price Performance
Seanergy Maritime (NASDAQ:SHIP – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The shipping company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.24. Seanergy Maritime had a net margin of 20.96% and a return on equity of 14.47%. The business had revenue of $42.85 million during the quarter, compared to analyst estimates of $42.15 million. On average, equities analysts forecast that Seanergy Maritime Holdings Corp will post 2.31 earnings per share for the current fiscal year.
Seanergy Maritime Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Monday, June 29th. Seanergy Maritime’s dividend payout ratio is currently 44.69%.
Insider Activity at Seanergy Maritime
In other news, insider Stavros Gyftakis sold 3,570 shares of the stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.95, for a total transaction of $49,801.50. Following the sale, the insider directly owned 236,295 shares of the company’s stock, valued at $3,296,315.25. This represents a 1.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.70% of the stock is owned by company insiders.
Institutional Trading of Seanergy Maritime
Several hedge funds have recently modified their holdings of SHIP. Russell Investments Group Ltd. bought a new stake in shares of Seanergy Maritime during the fourth quarter valued at approximately $41,000. Allworth Financial LP bought a new stake in shares of Seanergy Maritime during the third quarter valued at approximately $85,000. Truist Financial Corp bought a new stake in shares of Seanergy Maritime during the fourth quarter valued at approximately $113,000. Susquehanna Fundamental Investments LLC bought a new position in Seanergy Maritime in the fourth quarter valued at approximately $119,000. Finally, Jane Street Group LLC bought a new position in Seanergy Maritime in the second quarter valued at approximately $124,000. 29.36% of the stock is owned by institutional investors.
About Seanergy Maritime
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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