Seanergy Maritime (NASDAQ:SHIP) Stock Price Crosses Above Two Hundred Day Moving Average of $10.21

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.21 and traded as high as $11.80. Seanergy Maritime shares last traded at $11.64, with a volume of 253,003 shares.

Analyst Ratings Changes

SHIP has been the subject of a number of research reports. Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a report on Tuesday, July 23rd. StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 13th.

Seanergy Maritime Trading Up 2.6 %

The business has a 50 day moving average price of $10.33 and a 200 day moving average price of $10.21. The company has a market capitalization of $228.56 million, a P/E ratio of 14.55 and a beta of 0.64. The company has a current ratio of 0.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings results on Tuesday, August 6th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.14. The firm had revenue of $43.13 million for the quarter, compared to the consensus estimate of $40.69 million. Seanergy Maritime had a return on equity of 12.42% and a net margin of 20.12%. During the same quarter last year, the business posted $0.05 EPS. Analysts anticipate that Seanergy Maritime Holdings Corp. will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.25 per share. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.03. This represents a $1.00 annualized dividend and a dividend yield of 8.59%. The ex-dividend date is Friday, September 27th. Seanergy Maritime’s payout ratio is currently 125.00%.

Institutional Trading of Seanergy Maritime

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC bought a new position in Seanergy Maritime in the 4th quarter valued at about $225,000. Quadrature Capital Ltd acquired a new stake in Seanergy Maritime in the fourth quarter valued at about $290,000. Acadian Asset Management LLC acquired a new position in Seanergy Maritime during the first quarter worth about $300,000. ORG Partners LLC bought a new position in shares of Seanergy Maritime in the second quarter worth about $191,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Seanergy Maritime by 33.2% in the 2nd quarter. Renaissance Technologies LLC now owns 635,600 shares of the shipping company’s stock valued at $6,273,000 after purchasing an additional 158,400 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.