Susquehanna Fundamental Investments LLC Acquires New Shares in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 10,086 shares of the shipping company’s stock, valued at approximately $70,000.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in Seanergy Maritime in the fourth quarter worth approximately $25,000. Aigen Investment Management LP bought a new stake in Seanergy Maritime during the fourth quarter valued at about $84,000. Trueblood Wealth Management LLC purchased a new stake in Seanergy Maritime in the fourth quarter worth about $97,000. JPMorgan Chase & Co. lifted its position in shares of Seanergy Maritime by 128.8% during 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 in the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Seanergy Maritime by 6.3% during the 4th quarter. Marshall Wace LLP now owns 226,712 shares of the shipping company’s stock valued at $1,576,000 after acquiring an additional 13,513 shares during the period. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Price Performance

SHIP stock opened at $5.75 on Tuesday. The company has a fifty day simple moving average of $6.23 and a two-hundred day simple moving average of $7.21. Seanergy Maritime Holdings Corp. has a 52 week low of $4.78 and a 52 week 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 firm has a market capitalization of $117.15 million, a P/E ratio of 2.46 and a beta of 0.20.

Seanergy Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Thursday, March 27th. Seanergy Maritime’s dividend payout ratio is currently 18.96%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. StockNews.com cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group reduced their price target on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

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.