Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Shares Acquired by Walleye Capital LLC

Walleye Capital LLC increased its position in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 8.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 480,336 shares of the shipping company’s stock after purchasing an additional 37,288 shares during the quarter. Walleye Capital LLC owned 2.32% of Seanergy Maritime worth $5,966,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Millennium Management LLC increased its position in Seanergy Maritime by 193.6% during the second quarter. Millennium Management LLC now owns 359,347 shares of the shipping company’s stock worth $3,547,000 after buying an additional 236,941 shares in the last quarter. Cubist Systematic Strategies LLC increased its position 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 worth $1,253,000 after purchasing an additional 87,028 shares in the last quarter. Marshall Wace LLP raised its stake in Seanergy Maritime by 316.2% in 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 during the last quarter. Renaissance Technologies LLC lifted its holdings 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 in the last quarter. Finally, Acadian Asset Management LLC grew its stake in 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 acquiring an additional 349,733 shares during the period. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

Seanergy Maritime Trading Down 0.6 %

Shares of SHIP opened at $8.08 on Monday. The stock’s fifty day simple moving average is $10.07 and its 200 day simple moving average is $10.50. Seanergy Maritime Holdings Corp. has a twelve month low of $6.54 and a twelve month high of $13.19. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $167.26 million, a P/E ratio of 3.45 and a beta of 0.65.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.07. The business had revenue of $44.36 million for 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 period in the previous year, the company posted ($0.28) EPS. On average, equities research analysts forecast that Seanergy Maritime Holdings Corp. will post 2.1 earnings per share for the current year.

Seanergy Maritime Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a $0.26 dividend. 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 an increase from Seanergy Maritime’s previous quarterly dividend of $0.25. Seanergy Maritime’s dividend payout ratio (DPR) is currently 42.74%.

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.

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.