B. Riley Decreases Earnings Estimates for Seanergy Maritime

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) - Research analysts at B. Riley lowered their FY2025 earnings estimates for shares of Seanergy Maritime in a report released on Tuesday, January 28th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $0.38 for the year, down from their prior estimate of $1.53. The consensus estimate for Seanergy Maritime's current full-year earnings is $2.01 per share.

Separately, StockNews.com downgraded shares of Seanergy Maritime from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 13th.

Seanergy Maritime Stock Down 1.3 %

Shares of SHIP traded down $0.09 during trading on Thursday, reaching $6.93. The company's stock had a trading volume of 132,124 shares, compared to its average volume of 214,320. The company has a market cap of $143.45 million, a price-to-earnings ratio of 2.96 and a beta of 0.65. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $7.23 and a two-hundred day moving average of $9.23. Seanergy Maritime has a twelve month low of $6.55 and a twelve month high of $13.19.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.07. The firm had revenue of $44.36 million for the quarter, compared to the consensus estimate of $42.10 million. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. During the same quarter in the previous year, the firm posted ($0.28) EPS.

Hedge Funds Weigh In On Seanergy Maritime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHIP. R Squared Ltd acquired a new stake in shares of Seanergy Maritime during the fourth quarter worth approximately $25,000. Quarry LP boosted its stake in shares of Seanergy Maritime by 77.9% during the 3rd quarter. Quarry LP now owns 3,017 shares of the shipping company's stock valued at $37,000 after buying an additional 1,321 shares during the period. Trueblood Wealth Management LLC purchased a new position in shares of Seanergy Maritime during the 4th quarter valued at $97,000. D.A. Davidson & CO. acquired a new position in shares of Seanergy Maritime in the third quarter worth $179,000. Finally, PDT Partners LLC acquired a new stake in Seanergy Maritime during the third quarter valued at $194,000. Institutional investors and hedge funds own 29.36% of the company's stock.

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.