Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Up 18.2% in February

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 336,700 shares, an increase of 18.2% from the February 13th total of 284,900 shares. Based on an average daily volume of 236,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On Seanergy Maritime

Institutional investors have recently bought and sold shares of the stock. MML Investors Services LLC acquired a new stake in shares of Seanergy Maritime during the third quarter valued at approximately $383,000. Trueblood Wealth Management LLC acquired a new stake in Seanergy Maritime during the 4th quarter valued at $97,000. Aigen Investment Management LP purchased a new stake in shares of Seanergy Maritime in the fourth quarter valued at $84,000. PDT Partners LLC acquired a new stake in shares of Seanergy Maritime in the third quarter worth $194,000. Finally, Walleye Capital LLC grew its holdings in shares of Seanergy Maritime by 8.4% during the third quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock valued at $5,966,000 after buying an additional 37,288 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SHIP shares. Maxim Group dropped their price objective on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a research note on Monday, February 3rd. StockNews.com cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

Seanergy Maritime Trading Down 0.7 %

Seanergy Maritime stock opened at $7.22 on Thursday. The firm has a market cap of $147.10 million, a price-to-earnings ratio of 3.09 and a beta of 0.45. Seanergy Maritime has a 1 year low of $6.55 and a 1 year high of $13.19. The firm’s 50 day moving average price is $7.02 and its two-hundred day moving average price is $8.50. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date is Thursday, March 27th. Seanergy Maritime’s dividend payout ratio (DPR) is presently 18.96%.

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.