Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its position in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 193.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 359,347 shares of the shipping company’s stock after buying an additional 236,941 shares during the quarter. Millennium Management LLC’s holdings in Seanergy Maritime were worth $3,547,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SHIP. Acadian Asset Management LLC grew its position in shares of Seanergy Maritime by 1,009.6% during the 2nd quarter. Acadian Asset Management LLC now owns 384,373 shares of the shipping company’s stock valued at $3,782,000 after acquiring an additional 349,733 shares during the period. Marshall Wace LLP boosted its position in Seanergy Maritime by 316.2% during the second quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock worth $2,107,000 after purchasing an additional 162,201 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Seanergy Maritime by 33.2% in the second 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 during the period. Cubist Systematic Strategies LLC increased its position in shares of Seanergy Maritime by 217.9% in the second quarter. Cubist Systematic Strategies LLC now owns 126,976 shares of the shipping company’s stock valued at $1,253,000 after buying an additional 87,028 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Seanergy Maritime during the 4th quarter worth approximately $290,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Stock Up 0.7 %

Shares of SHIP opened at $10.78 on Monday. Seanergy Maritime Holdings Corp. has a 52-week low of $4.87 and a 52-week high of $13.19. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $11.03 and a two-hundred day simple moving average of $10.50. The company has a market capitalization of $223.15 million, a PE ratio of 7.43 and a beta of 0.65.

Seanergy Maritime (NASDAQ:SHIP) last issued its earnings results on Tuesday, August 6th. The shipping company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.14. Seanergy Maritime had a net margin of 20.12% and a return on equity of 12.42%. The company had revenue of $43.13 million for the quarter, compared to the consensus estimate of $40.69 million. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Seanergy Maritime Holdings Corp. will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Friday, September 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 9.28%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, September 27th. Seanergy Maritime’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Ratings Changes

A number of research firms recently issued reports on SHIP. Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a research note on Tuesday, July 23rd. StockNews.com cut shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 13th.

Seanergy Maritime 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.