Seanergy Maritime (NASDAQ:SHIP) Shares Cross Above 200 Day Moving Average of $9.77

Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.77 and traded as high as $11.20. Seanergy Maritime shares last traded at $10.96, with a volume of 104,835 shares traded.

Wall Street Analysts Forecast Growth

SHIP has been the topic of a number of recent analyst reports. StockNews.com cut shares of Seanergy Maritime from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 13th. Noble Financial upgraded shares of Seanergy Maritime to a "strong-buy" rating in a research report on Tuesday, July 23rd.

Seanergy Maritime Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 0.55 and a quick ratio of 0.52. The company has a fifty day moving average price of $10.15 and a two-hundred day moving average price of $9.77. The firm has a market cap of $220.91 million, a price-to-earnings ratio of 14.06 and a beta of 0.61.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last released 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. The business had revenue of $43.13 million for the quarter, compared to the consensus estimate of $40.69 million. Seanergy Maritime had a net margin of 20.12% and a return on equity of 12.42%. During the same period in the previous year, the firm earned $0.05 EPS. As a group, equities research analysts expect that Seanergy Maritime Holdings Corp. will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a $0.25 dividend. This is a positive change from Seanergy Maritime's previous quarterly dividend of $0.03. The ex-dividend date is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.89%. Seanergy Maritime's dividend payout ratio (DPR) is 125.00%.

Institutional Investors Weigh In On Seanergy Maritime

Large investors have recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Seanergy Maritime in the second quarter valued at $191,000. XTX Topco Ltd boosted its position 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 acquiring an additional 19,401 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Seanergy Maritime during the 2nd quarter valued at about $213,000. Jump Financial LLC acquired a new position in shares of Seanergy Maritime in the 4th quarter valued at about $225,000. Finally, Quadrature Capital Ltd lifted its position in shares of Seanergy Maritime by 82.0% in the first quarter. Quadrature Capital Ltd now owns 67,427 shares of the shipping company's stock worth $586,000 after purchasing an additional 30,381 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.