Renaissance Technologies LLC Grows Stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Renaissance Technologies LLC boosted its holdings in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 759,100 shares of the shipping company's stock after acquiring an additional 90,100 shares during the quarter. Renaissance Technologies LLC owned 3.67% of Seanergy Maritime worth $5,276,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHIP. MML Investors Services LLC acquired a new stake in shares of Seanergy Maritime during the 3rd quarter worth about $383,000. Trueblood Wealth Management LLC acquired a new stake in shares of Seanergy Maritime during the fourth quarter worth approximately $97,000. Aigen Investment Management LP bought a new position in shares of Seanergy Maritime in the fourth quarter valued at approximately $84,000. JPMorgan Chase & Co. boosted its holdings in shares of Seanergy Maritime by 128.8% in the 4th quarter. JPMorgan Chase & Co. now owns 133,360 shares of the shipping company's stock worth $927,000 after acquiring an additional 75,079 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Seanergy Maritime during the 4th quarter worth approximately $25,000. Institutional investors own 29.36% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on SHIP shares. Maxim Group decreased their price objective on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded Seanergy Maritime from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th.

Seanergy Maritime Price Performance

Shares of SHIP stock traded up $0.18 on Thursday, hitting $5.74. 71,987 shares of the company's stock were exchanged, compared to its average volume of 248,805. The company has a 50 day moving average of $6.45 and a 200 day moving average of $7.54. Seanergy Maritime Holdings Corp. has a 12 month low of $4.78 and a 12 month high of $13.19. 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 market cap of $116.84 million, a P/E ratio of 2.45 and a beta of 0.13.

Seanergy Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date of this dividend was Thursday, March 27th. Seanergy Maritime's dividend payout ratio is presently 18.96%.

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.