Seanergy Maritime (NASDAQ:SHIP) Stock Price Passes Above 200 Day Moving Average of $7.29

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.29 and traded as high as $9.66. Seanergy Maritime shares last traded at $9.31, with a volume of 252,409 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley raised their price objective on Seanergy Maritime from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Noble Financial raised their price objective on Seanergy Maritime from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Finally, StockNews.com upgraded Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Monday, March 18th.

Seanergy Maritime Price Performance

The company has a quick ratio of 0.34, a current ratio of 0.36 and a debt-to-equity ratio of 0.78. The firm has a market cap of $182.85 million, a P/E ratio of 133.00 and a beta of 0.80. The business has a fifty day moving average of $8.42 and a 200 day moving average of $7.30.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings results on Friday, March 15th. The shipping company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.41. Seanergy Maritime had a return on equity of 2.70% and a net margin of 1.68%. The business had revenue of $39.43 million during the quarter, compared to analysts’ expectations of $33.90 million. On average, sell-side analysts anticipate that Seanergy Maritime Holdings Corp. will post 1.07 earnings per share for the current year.

Seanergy Maritime Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Monday, March 25th were issued a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, March 22nd. Seanergy Maritime’s payout ratio is currently 142.86%.

Hedge Funds Weigh In On Seanergy Maritime

Hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its holdings in shares of Seanergy Maritime by 290.5% during the first quarter. Renaissance Technologies LLC now owns 2,827,275 shares of the shipping company’s stock worth $3,223,000 after acquiring an additional 2,103,300 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Seanergy Maritime during the fourth quarter worth approximately $364,000. GSA Capital Partners LLP bought a new stake in shares of Seanergy Maritime during the fourth quarter worth approximately $177,000. State Street Corp boosted its holdings in shares of Seanergy Maritime by 34.4% during the third quarter. State Street Corp now owns 228,953 shares of the shipping company’s stock worth $114,000 after acquiring an additional 58,579 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in shares of Seanergy Maritime by 313.4% during the fourth quarter. Mackenzie Financial Corp now owns 197,129 shares of the shipping company’s stock worth $1,544,000 after acquiring an additional 149,439 shares during the period. Institutional investors own 29.36% of the company’s stock.

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.