Christina Anagnostara Sells 15,000 Shares of Seanergy Maritime (NASDAQ:SHIP) Stock

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) Director Christina Anagnostara sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $17.19, for a total value of $257,850.00. Following the sale, the director directly owned 178,239 shares of the company’s stock, valued at $3,063,928.41. This represents a 7.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Seanergy Maritime Trading Down 2.2%

Shares of SHIP stock opened at $16.86 on Friday. Seanergy Maritime Holdings Corp has a fifty-two week low of $7.21 and a fifty-two week high of $18.48. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.83 and a current ratio of 0.85. The stock has a 50 day simple moving average of $15.35 and a two-hundred day simple moving average of $14.08. The company has a market cap of $352.37 million, a P/E ratio of 5.90 and a beta of 0.92.

Seanergy Maritime (NASDAQ:SHIP) last announced its quarterly earnings data on Thursday, July 30th. The shipping company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.05 by $0.27. The company had revenue of $55.69 million during the quarter, compared to the consensus estimate of $53.90 million. Seanergy Maritime had a net margin of 30.68% and a return on equity of 22.51%. Research analysts forecast that Seanergy Maritime Holdings Corp will post 2.87 earnings per share for the current year.

Seanergy Maritime Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be paid a $0.35 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.40 annualized dividend and a dividend yield of 8.3%. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.20. Seanergy Maritime’s dividend payout ratio (DPR) is 27.97%.

Analysts Set New Price Targets

A number of brokerages have commented on SHIP. B. Riley Financial raised their price objective on Seanergy Maritime from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research lowered Seanergy Maritime from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Seanergy Maritime in a report on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Seanergy Maritime presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Institutional Trading of Seanergy Maritime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted its holdings in shares of Seanergy Maritime by 15.8% in the first quarter. Renaissance Technologies LLC now owns 652,300 shares of the shipping company’s stock valued at $8,421,000 after purchasing an additional 88,800 shares in the last quarter. Walleye Capital LLC grew its holdings in Seanergy Maritime by 674.4% during the fourth quarter. Walleye Capital LLC now owns 294,523 shares of the shipping company’s stock worth $2,718,000 after buying an additional 256,492 shares in the last quarter. Millennium Management LLC raised its position in Seanergy Maritime by 400.8% in the 4th quarter. Millennium Management LLC now owns 293,220 shares of the shipping company’s stock valued at $2,706,000 after buying an additional 234,672 shares during the last quarter. Bank of America Corp DE lifted its stake in Seanergy Maritime by 5.8% during the 1st quarter. Bank of America Corp DE now owns 159,972 shares of the shipping company’s stock valued at $2,065,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in Seanergy Maritime by 235.9% during the 4th quarter. Jane Street Group LLC now owns 100,363 shares of the shipping company’s stock valued at $926,000 after acquiring an additional 70,481 shares in the last quarter. 29.36% of the stock is owned by institutional investors.

About Seanergy Maritime

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company’s operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.

The company’s core assets consist of a fleet of modern dry bulk carriers, spanning Capesize, Panamax and Supramax classes.