Mackenzie Financial Corp Boosts Stock Holdings in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Mackenzie Financial Corp boosted its holdings in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 313.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 197,129 shares of the shipping company’s stock after purchasing an additional 149,439 shares during the quarter. Mackenzie Financial Corp’s holdings in Seanergy Maritime were worth $1,544,000 as of its most recent SEC filing.

Analyst Ratings Changes

Several research firms recently commented on SHIP. Noble Financial increased their target price on Seanergy Maritime from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, March 18th. B. Riley increased their target price on Seanergy Maritime from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, StockNews.com raised Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Monday, March 18th.

Seanergy Maritime Stock Performance

Shares of SHIP stock opened at $9.46 on Wednesday. The stock’s 50-day moving average is $8.46 and its two-hundred day moving average is $7.34. The firm has a market cap of $185.79 million, a price-to-earnings ratio of 135.14 and a beta of 0.80. Seanergy Maritime Holdings Corp. has a 1 year low of $4.03 and a 1 year high of $9.66. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.34 and a current ratio of 0.36.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings data on Friday, March 15th. The shipping company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.41. The company had revenue of $39.43 million for the quarter, compared to analyst estimates of $33.90 million. Seanergy Maritime had a return on equity of 2.70% and a net margin of 1.68%. Analysts predict that Seanergy Maritime Holdings Corp. will post 1.07 earnings per share for the current year.

Seanergy Maritime Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Monday, March 25th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, March 22nd. Seanergy Maritime’s payout ratio is 142.86%.

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.