Walleye Capital LLC Has $2.60 Million Position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Walleye Capital LLC reduced its stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 374,635 shares of the shipping company's stock after selling 105,701 shares during the period. Walleye Capital LLC owned approximately 1.81% of Seanergy Maritime worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SHIP shares. StockNews.com downgraded shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a 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 for the company in a research note on Monday, February 3rd.

Seanergy Maritime Price Performance

Shares of SHIP stock traded up $0.27 on Wednesday, reaching $5.51. The company had a trading volume of 42,643 shares, compared to its average volume of 249,185. The business's 50-day moving average is $6.48 and its 200 day moving average is $7.55. Seanergy Maritime Holdings Corp. has a one year low of $4.78 and a one year high of $13.19. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $112.26 million, a PE ratio of 2.35 and a beta of 0.13.

Seanergy Maritime Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.26%. The ex-dividend date of this dividend was Thursday, March 27th. Seanergy Maritime's payout ratio is 18.96%.

About Seanergy Maritime

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.