Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Down 21.8% in November

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 237,800 shares, a drop of 21.8% from the October 31st total of 304,100 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 252,300 shares, the short-interest ratio is currently 0.9 days.

Seanergy Maritime Trading Down 0.6 %

SHIP traded down $0.05 during trading on Friday, hitting $8.08. The company’s stock had a trading volume of 142,929 shares, compared to its average volume of 250,964. The firm has a market capitalization of $167.25 million, a P/E ratio of 3.45 and a beta of 0.65. Seanergy Maritime has a twelve month low of $6.54 and a twelve month high of $13.19. The stock’s fifty day moving average price is $10.07 and its 200-day moving average price is $10.50. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72.

Seanergy Maritime (NASDAQ:SHIP) last released its earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $44.36 million for the quarter, compared to the consensus estimate of $42.10 million. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. During the same quarter in the previous year, the company earned ($0.28) EPS. Analysts anticipate that Seanergy Maritime will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25. Seanergy Maritime’s dividend payout ratio is 44.44%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 13th.

Institutional Trading of Seanergy Maritime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in Seanergy Maritime in the second quarter valued at approximately $191,000. Acadian Asset Management LLC lifted its holdings in shares of Seanergy Maritime by 1,009.6% in the 2nd quarter. Acadian Asset Management LLC now owns 384,373 shares of the shipping company’s stock worth $3,782,000 after purchasing an additional 349,733 shares in the last quarter. Renaissance Technologies LLC grew its position in Seanergy Maritime by 33.2% in the 2nd quarter. Renaissance Technologies LLC now owns 635,600 shares of the shipping company’s stock valued at $6,273,000 after purchasing an additional 158,400 shares during the period. XTX Topco Ltd increased its stake in Seanergy Maritime by 99.6% during the 2nd quarter. XTX Topco Ltd now owns 38,885 shares of the shipping company’s stock valued at $384,000 after purchasing an additional 19,401 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Seanergy Maritime by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after purchasing an additional 162,201 shares in the last quarter. 29.36% of the stock is owned by institutional investors.

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.