Mackenzie Financial Corp Increases Stock Position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Mackenzie Financial Corp increased its position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 313.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 197,129 shares of the shipping company’s stock after acquiring an additional 149,439 shares during the period. Mackenzie Financial Corp owned about 1.00% of Seanergy Maritime worth $1,544,000 at the end of the most recent reporting period.

Wall Street Analyst Weigh In

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

Seanergy Maritime Price Performance

Shares of SHIP opened at $9.46 on Wednesday. The firm has a market cap of $185.79 million, a PE ratio of 135.14 and a beta of 0.80. The company has a current ratio of 0.36, a quick ratio of 0.34 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $8.46 and a two-hundred day simple moving average of $7.34. Seanergy Maritime Holdings Corp. has a 1-year low of $4.03 and a 1-year high of $9.66.

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

Seanergy Maritime Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Monday, March 25th were paid a dividend of $0.025 per share. The ex-dividend date was Friday, March 22nd. This represents a $0.10 dividend on an annualized basis and a yield of 1.06%. Seanergy Maritime’s dividend payout ratio is presently 142.86%.

Seanergy Maritime 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.