Trueblood Wealth Management LLC Makes New Investment in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Trueblood Wealth Management LLC purchased a new stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,000 shares of the shipping company’s stock, valued at approximately $97,000. Trueblood Wealth Management LLC owned 0.07% of Seanergy Maritime as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP grew its position in Seanergy Maritime by 77.9% during 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. purchased a new stake in shares of Seanergy Maritime in the 3rd quarter worth $179,000. PDT Partners LLC purchased a new stake in shares of Seanergy Maritime in the 3rd quarter worth $194,000. Susquehanna Fundamental Investments LLC bought a new position in Seanergy Maritime in the 2nd quarter worth $213,000. Finally, MML Investors Services LLC purchased a new position in Seanergy Maritime during the third quarter valued at $383,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 13th.

Seanergy Maritime Stock Performance

SHIP opened at $7.07 on Tuesday. The firm has a market cap of $146.35 million, a P/E ratio of 3.02 and a beta of 0.65. Seanergy Maritime Holdings Corp. has a 1-year low of $6.55 and a 1-year high of $13.19. The company has a 50 day simple moving average of $7.55 and a two-hundred day simple moving average of $9.42. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $44.36 million during the quarter, compared to analyst estimates of $42.10 million. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. During the same quarter in the prior year, the business posted ($0.28) EPS. Equities analysts forecast that Seanergy Maritime Holdings Corp. will post 2.1 earnings per share for the current fiscal year.

Seanergy Maritime Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 27th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 14.71%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, December 27th. Seanergy Maritime’s dividend payout ratio is presently 44.44%.

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.