Navellier & Associates Inc. lowered its holdings in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 63.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,001 shares of the shipping company's stock after selling 92,893 shares during the period. Navellier & Associates Inc. owned about 0.26% of Seanergy Maritime worth $375,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. D.A. Davidson & CO. purchased a new position in shares of Seanergy Maritime in the third quarter worth about $179,000. Walleye Capital LLC increased its stake in Seanergy Maritime by 8.4% in the 3rd quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company's stock worth $5,966,000 after purchasing an additional 37,288 shares during the period. PDT Partners LLC bought a new stake in Seanergy Maritime in the third quarter valued at approximately $194,000. Quarry LP boosted its stake in shares of Seanergy Maritime by 77.9% during the third quarter. Quarry LP now owns 3,017 shares of the shipping company's stock valued at $37,000 after purchasing an additional 1,321 shares during the period. Finally, XTX Topco Ltd grew its holdings in shares of Seanergy Maritime by 3.7% in the third quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company's stock worth $501,000 after purchasing an additional 1,447 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company's stock.
Analyst Ratings Changes
Several brokerages have weighed in on SHIP. StockNews.com cut shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Maxim Group cut their target price on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research note on Monday, February 3rd.
Read Our Latest Analysis on Seanergy Maritime
Seanergy Maritime Trading Down 3.9 %
NASDAQ:SHIP traded down $0.28 during trading hours on Thursday, hitting $6.87. The company had a trading volume of 243,460 shares, compared to its average volume of 228,212. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52. The stock has a 50-day moving average price of $6.97 and a 200 day moving average price of $8.91. The company has a market capitalization of $142.20 million, a PE ratio of 2.94 and a beta of 0.63. Seanergy Maritime Holdings Corp. has a 52 week low of $6.55 and a 52 week high of $13.19.
Seanergy Maritime Company Profile
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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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