XTX Topco Ltd increased its position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP – Free Report) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,332 shares of the shipping company’s stock after purchasing an additional 1,447 shares during the quarter. XTX Topco Ltd owned approximately 0.19% of Seanergy Maritime worth $501,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Quarry LP raised its stake in Seanergy Maritime by 77.9% in the third quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock valued at $37,000 after buying an additional 1,321 shares during the period. D.A. Davidson & CO. acquired a new position in shares of Seanergy Maritime during the 3rd quarter worth approximately $179,000. PDT Partners LLC acquired a new position in shares of Seanergy Maritime during the 3rd quarter worth approximately $194,000. Susquehanna Fundamental Investments LLC bought a new stake in Seanergy Maritime in the 2nd quarter valued at $213,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in Seanergy Maritime by 217.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 126,976 shares of the shipping company’s stock valued at $1,253,000 after purchasing an additional 87,028 shares during the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 13th.
Seanergy Maritime Stock Down 0.1 %
SHIP opened at $7.31 on Friday. The stock has a fifty day moving average of $9.15 and a 200-day moving average of $10.20. The company has a market capitalization of $151.32 million, a P/E ratio of 3.12 and a beta of 0.64. Seanergy Maritime Holdings Corp. has a fifty-two week low of $6.94 and a fifty-two week high of $13.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99.
Seanergy Maritime (NASDAQ:SHIP – Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. The business had revenue of $44.36 million during the quarter, compared to analysts’ expectations of $42.10 million. During the same quarter in the previous year, the company earned ($0.28) EPS. On average, equities analysts expect that Seanergy Maritime Holdings Corp. will post 2.1 EPS for the current year.
Seanergy Maritime Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be paid a $0.26 dividend. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 14.23%. The ex-dividend date is Friday, December 27th. Seanergy Maritime’s payout ratio is 42.74%.
About Seanergy Maritime
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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