StockNews.com downgraded shares of Seanergy Maritime (NASDAQ:SHIP – Free Report) from a strong-buy rating to a buy rating in a report published on Tuesday.
Separately, Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a research report on Tuesday, July 23rd.
Check Out Our Latest Research Report on SHIP
Seanergy Maritime Price Performance
Seanergy Maritime (NASDAQ:SHIP – Get Free Report) last released its earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The company had revenue of $44.36 million during the quarter, compared to the consensus estimate of $42.10 million. Seanergy Maritime had a return on equity of 12.42% and a net margin of 20.12%. During the same period in the previous year, the company posted ($0.28) EPS. On average, sell-side analysts anticipate that Seanergy Maritime will post 2.18 EPS for the current year.
Seanergy Maritime Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 10.82%. This is a positive change from Seanergy Maritime’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, December 27th. Seanergy Maritime’s dividend payout ratio is presently 68.97%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new stake in shares of Seanergy Maritime during the 2nd quarter worth $191,000. XTX Topco Ltd lifted its holdings in Seanergy Maritime by 99.6% during the 2nd quarter. XTX Topco Ltd now owns 38,885 shares of the shipping company’s stock worth $384,000 after buying an additional 19,401 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Seanergy Maritime during the 2nd quarter worth about $213,000. Quadrature Capital Ltd increased its holdings in shares of Seanergy Maritime by 82.0% in the 1st quarter. Quadrature Capital Ltd now owns 67,427 shares of the shipping company’s stock valued at $586,000 after acquiring an additional 30,381 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Seanergy Maritime during the 1st quarter worth about $300,000. Hedge funds and other institutional investors 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.
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