StockNews.com lowered shares of Seanergy Maritime (NASDAQ:SHIP – Free Report) from a strong-buy rating to a buy rating in a report released on Tuesday.
Separately, Noble Financial raised Seanergy Maritime to a strong-buy rating in a report on Tuesday, July 23rd.
Get Our Latest Report on Seanergy Maritime
Seanergy Maritime Stock Performance
Seanergy Maritime (NASDAQ:SHIP – Get Free Report) last issued its earnings results on Tuesday, August 6th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.14. The business had revenue of $43.13 million during the quarter, compared to the consensus estimate of $40.69 million. Seanergy Maritime had a net margin of 20.12% and a return on equity of 12.77%. During the same period last year, the business posted $0.05 EPS. Research analysts anticipate that Seanergy Maritime will post 1.55 EPS for the current fiscal year.
Seanergy Maritime Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 8.82%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.03. Seanergy Maritime’s dividend payout ratio (DPR) is currently 12.50%.
Hedge Funds Weigh In On Seanergy Maritime
Several institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp grew its position in shares of Seanergy Maritime by 313.4% during the 4th quarter. Mackenzie Financial Corp now owns 197,129 shares of the shipping company’s stock worth $1,544,000 after purchasing an additional 149,439 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Seanergy Maritime in the fourth quarter valued at approximately $290,000. Acadian Asset Management LLC acquired a new stake in Seanergy Maritime during the first quarter worth approximately $300,000. Jump Financial LLC bought a new position in Seanergy Maritime during the 4th quarter worth $225,000. Finally, ORG Partners LLC acquired a new position in Seanergy Maritime in the 2nd quarter valued at $191,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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