Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Update

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) saw a significant decrease in short interest in August. As of August 31st, there was short interest totalling 371,100 shares, a decrease of 30.2% from the August 15th total of 531,700 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 207,400 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SHIP shares. Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 13th.

Seanergy Maritime Stock Up 0.5 %

Shares of NASDAQ SHIP traded up $0.05 during mid-day trading on Friday, reaching $10.27. The company had a trading volume of 177,381 shares, compared to its average volume of 157,618. The stock has a fifty day moving average of $10.21 and a two-hundred day moving average of $10.09. Seanergy Maritime has a 12-month low of $4.87 and a 12-month high of $13.19. The company has a market capitalization of $212.59 million, a price-to-earnings ratio of 12.84 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 0.55.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings data on Tuesday, August 6th. The shipping company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.14. Seanergy Maritime had a return on equity of 12.42% and a net margin of 20.12%. The firm had revenue of $43.13 million for the quarter, compared to the consensus estimate of $40.69 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, equities research analysts expect that Seanergy Maritime will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Friday, September 27th will be issued a $0.25 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 9.74%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.03. Seanergy Maritime’s dividend payout ratio is currently 12.50%.

Hedge Funds Weigh In On Seanergy Maritime

A number of hedge funds have recently added to or reduced their stakes in SHIP. Jump Financial LLC acquired a new position in Seanergy Maritime in the fourth quarter worth approximately $225,000. Quadrature Capital Ltd acquired a new position in Seanergy Maritime during the fourth quarter valued at approximately $290,000. Acadian Asset Management LLC acquired a new position in Seanergy Maritime during the first quarter valued at approximately $300,000. ORG Partners LLC acquired a new position in Seanergy Maritime during the second quarter valued at approximately $191,000. Finally, Renaissance Technologies LLC grew its holdings in Seanergy Maritime by 33.2% during the second 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 last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.