Seanergy Maritime (NASDAQ:SHIP) Shares Pass Above Two Hundred Day Moving Average of $9.94

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.94 and traded as high as $11.39. Seanergy Maritime shares last traded at $11.09, with a volume of 193,262 shares traded.

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Analysts Set New Price Targets

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

Check Out Our Latest Stock Report on SHIP

Seanergy Maritime Trading Down 0.6 %

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 firm has a market cap of $216.39 million, a price-to-earnings ratio of 13.81 and a beta of 0.61. The business's 50-day moving average price is $10.23 and its two-hundred day moving average price is $9.94.

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

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Seanergy Maritime Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Seanergy Maritime's previous quarterly dividend of $0.03. This represents a $1.00 annualized dividend and a yield of 9.07%. Seanergy Maritime's dividend payout ratio is 125.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SHIP. ORG Partners LLC acquired a new stake in shares of Seanergy Maritime in the second quarter worth approximately $191,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seanergy Maritime during the 2nd quarter worth $213,000. Jump Financial LLC purchased a new position in shares of Seanergy Maritime in the 4th quarter worth $225,000. Quadrature Capital Ltd purchased a new position in shares of Seanergy Maritime in the 4th quarter worth $290,000. Finally, Acadian Asset Management LLC acquired a new position in Seanergy Maritime in the first quarter valued at $300,000. Institutional investors and hedge funds own 29.36% of the company's stock.

About Seanergy Maritime

(Get Free Report)

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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