Seanergy Maritime (NASDAQ:SHIP – Get Free Report) and Costamare (NYSE:CMRE – Get Free Report) are both small-cap industrials companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, risk, earnings, valuation, institutional ownership and dividends.
Institutional & Insider Ownership
29.4% of Seanergy Maritime shares are held by institutional investors. Comparatively, 58.1% of Costamare shares are held by institutional investors. 4.7% of Seanergy Maritime shares are held by company insiders. Comparatively, 23.2% of Costamare shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.
Analyst Recommendations
This is a summary of current recommendations and price targets for Seanergy Maritime and Costamare, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Seanergy Maritime | 0 | 1 | 3 | 0 | 2.75 |
| Costamare | 0 | 2 | 0 | 1 | 2.67 |
Seanergy Maritime currently has a consensus price target of $25.00, indicating a potential upside of 80.51%. Given Seanergy Maritime’s stronger consensus rating and higher possible upside, equities research analysts clearly believe Seanergy Maritime is more favorable than Costamare.
Valuation and Earnings
This table compares Seanergy Maritime and Costamare”s gross revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Seanergy Maritime | $158.10 million | 1.83 | $21.24 million | $2.86 | 4.84 |
| Costamare | $877.90 million | 1.76 | $364.58 million | $2.59 | 4.93 |
Costamare has higher revenue and earnings than Seanergy Maritime. Seanergy Maritime is trading at a lower price-to-earnings ratio than Costamare, indicating that it is currently the more affordable of the two stocks.
Profitability
This table compares Seanergy Maritime and Costamare’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Seanergy Maritime | 30.68% | 21.87% | 10.20% |
| Costamare | 39.40% | 14.29% | 7.99% |
Dividends
Seanergy Maritime pays an annual dividend of $1.40 per share and has a dividend yield of 10.1%. Costamare pays an annual dividend of $0.50 per share and has a dividend yield of 3.9%. Seanergy Maritime pays out 49.0% of its earnings in the form of a dividend. Costamare pays out 19.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.
Volatility & Risk
Seanergy Maritime has a beta of 1.15, indicating that its stock price is 15% more volatile than the S&P 500. Comparatively, Costamare has a beta of 1.18, indicating that its stock price is 18% more volatile than the S&P 500.
Summary
Costamare beats Seanergy Maritime on 9 of the 17 factors compared between the two stocks.
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. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.
About Costamare
Costamare Inc. owns and operates containerships and dry bulk vessels that are chartered to liner companies providing transportation of cargoes worldwide. As of March 19, 2024, it had a fleet of fleet of 68 containerships and 37 dry bulk vessels. The company was founded in 1974 and is based in Monaco.
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