Seanergy Maritime (NASDAQ:SHIP – Get Free Report) is one of 80 public companies in the “Marine Transportation” industry, but how does it weigh in compared to its peers? We will compare Seanergy Maritime to related businesses based on the strength of its profitability, analyst recommendations, risk, institutional ownership, dividends, earnings and valuation.
Insider and Institutional Ownership
29.4% of Seanergy Maritime shares are held by institutional investors. Comparatively, 30.4% of shares of all “Marine Transportation” companies are held by institutional investors. 4.7% of Seanergy Maritime shares are held by company insiders. Comparatively, 27.2% of shares of all “Marine Transportation” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Profitability
This table compares Seanergy Maritime and its peers’ 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% |
| Seanergy Maritime Competitors | 31.40% | 14.14% | 6.98% |
Analyst Ratings
This is a summary of current ratings and recommmendations for Seanergy Maritime and its peers, as provided by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Seanergy Maritime | 0 | 1 | 3 | 0 | 2.75 |
| Seanergy Maritime Competitors | 447 | 1658 | 1705 | 94 | 2.37 |
Seanergy Maritime currently has a consensus price target of $25.00, indicating a potential upside of 77.05%. As a group, “Marine Transportation” companies have a potential upside of 25.54%. Given Seanergy Maritime’s stronger consensus rating and higher possible upside, equities analysts clearly believe Seanergy Maritime is more favorable than its peers.
Valuation and Earnings
This table compares Seanergy Maritime and its peers gross revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Seanergy Maritime | $158.10 million | $21.24 million | 4.94 |
| Seanergy Maritime Competitors | $3.69 billion | $344.61 million | 12.62 |
Seanergy Maritime’s peers have higher revenue and earnings than Seanergy Maritime. Seanergy Maritime is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
Risk & Volatility
Seanergy Maritime has a beta of 1.15, suggesting that its stock price is 15% more volatile than the S&P 500. Comparatively, Seanergy Maritime’s peers have a beta of 1.11, suggesting that their average stock price is 11% more volatile than the S&P 500.
Dividends
Seanergy Maritime pays an annual dividend of $1.40 per share and has a dividend yield of 9.9%. Seanergy Maritime pays out 49.0% of its earnings in the form of a dividend. As a group, “Marine Transportation” companies pay a dividend yield of 4.7% and pay out 26.9% of their earnings in the form of a dividend.
Summary
Seanergy Maritime peers beat Seanergy Maritime on 8 of the 15 factors compared.
Seanergy Maritime Company Profile
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.
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