Millennium Management LLC Purchases 236,941 Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Millennium Management LLC raised its position in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIPFree Report) by 193.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,347 shares of the shipping company’s stock after buying an additional 236,941 shares during the quarter. Millennium Management LLC owned about 1.74% of Seanergy Maritime worth $3,547,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in shares of Seanergy Maritime in the fourth quarter valued at $290,000. Cubist Systematic Strategies LLC increased its holdings in shares of Seanergy Maritime by 217.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 126,976 shares of the shipping company’s stock worth $1,253,000 after buying an additional 87,028 shares during the last quarter. Marshall Wace LLP raised its position in shares of Seanergy Maritime by 316.2% during the 2nd quarter. Marshall Wace LLP now owns 213,503 shares of the shipping company’s stock valued at $2,107,000 after buying an additional 162,201 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Seanergy Maritime in the 1st quarter valued at about $300,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 158,400 shares during the last quarter. Institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Price Performance

SHIP opened at $10.78 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.55 and a debt-to-equity ratio of 0.72. The stock has a market cap of $223.15 million, a P/E ratio of 7.43 and a beta of 0.65. The business has a fifty day moving average of $11.03 and a 200 day moving average of $10.50. Seanergy Maritime Holdings Corp. has a 52-week low of $4.87 and a 52-week high of $13.19.

Seanergy Maritime (NASDAQ:SHIPGet Free Report) last released its quarterly earnings data on Tuesday, August 6th. The shipping company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.14. The firm had revenue of $43.13 million for the quarter, compared to the consensus estimate of $40.69 million. Seanergy Maritime had a net margin of 20.12% and a return on equity of 12.42%. During the same period last year, the firm earned $0.05 earnings per share. As a group, sell-side analysts anticipate that Seanergy Maritime Holdings Corp. will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Friday, September 27th were paid a dividend of $0.25 per share. This is a positive change from Seanergy Maritime’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.00 dividend on an annualized basis and a yield of 9.28%. Seanergy Maritime’s dividend payout ratio is presently 68.97%.

Analyst Ratings Changes

Several research analysts have commented on SHIP shares. StockNews.com cut shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 13th. Noble Financial upgraded shares of Seanergy Maritime to a “strong-buy” rating in a report on Tuesday, July 23rd.

Check Out Our Latest Analysis on Seanergy Maritime

Seanergy Maritime Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Seanergy Maritime (NASDAQ:SHIP)

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