Seanergy Maritime (NASDAQ:SHIP) Rating Lowered to "Hold" at StockNews.com

StockNews.com cut shares of Seanergy Maritime (NASDAQ:SHIP - Free Report) from a buy rating to a hold rating in a research report report published on Tuesday.

Separately, Maxim Group cut 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.

Seanergy Maritime Trading Up 0.2 %

SHIP stock traded up $0.01 during midday trading on Tuesday, hitting $6.66. The company had a trading volume of 197,783 shares, compared to its average volume of 218,783. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. Seanergy Maritime has a 52 week low of $6.55 and a 52 week high of $13.19. The stock has a market cap of $137.86 million, a price-to-earnings ratio of 2.85 and a beta of 0.63. The stock's 50 day moving average price is $7.11 and its 200 day moving average price is $9.16.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $44.36 million during the quarter, compared to analysts' expectations 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 prior year, the company posted ($0.28) EPS. As a group, equities research analysts expect that Seanergy Maritime will post 2.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Aigen Investment Management LP bought a new position in Seanergy Maritime in the fourth quarter worth $84,000. R Squared Ltd purchased a new stake in shares of Seanergy Maritime in the 4th quarter worth about $25,000. Trueblood Wealth Management LLC bought a new position in shares of Seanergy Maritime in the 4th quarter worth about $97,000. MML Investors Services LLC purchased a new position in Seanergy Maritime during the 3rd quarter valued at about $383,000. Finally, XTX Topco Ltd boosted its stake in Seanergy Maritime by 3.7% during the third quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company's stock worth $501,000 after acquiring an additional 1,447 shares in the last quarter. Institutional investors 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.