Seanergy Maritime (NASDAQ:SHIP - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Wednesday.
Separately, Noble Financial raised shares of Seanergy Maritime to a "strong-buy" rating in a research report on Tuesday, July 23rd.
Get Our Latest Research Report on SHIP
Seanergy Maritime Stock Down 0.3 %
NASDAQ:SHIP traded down $0.03 during midday trading on Wednesday, reaching $9.11. 304,025 shares of the stock traded hands, compared to its average volume of 250,541. Seanergy Maritime has a 12-month low of $5.07 and a 12-month high of $13.19. The business has a 50-day moving average of $10.57 and a two-hundred day moving average of $10.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The stock has a market capitalization of $188.57 million, a PE ratio of 3.89 and a beta of 0.65.
Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last posted its earnings results on Tuesday, November 5th. The shipping company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.07. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. The company had revenue of $44.36 million during the quarter, compared to analysts' expectations of $42.10 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. On average, equities analysts forecast that Seanergy Maritime will post 2.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. purchased a new position in shares of Seanergy Maritime in the third quarter worth $179,000. ORG Partners LLC acquired a new stake in shares of Seanergy Maritime in the second quarter worth $191,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seanergy Maritime in the second quarter worth $213,000. Acadian Asset Management LLC acquired a new stake in shares of Seanergy Maritime in the first quarter worth $300,000. Finally, XTX Topco Ltd increased its stake in shares of Seanergy Maritime by 99.6% in the second 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. Hedge funds and other institutional investors own 29.36% of the company's stock.
About Seanergy Maritime
(
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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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