Renaissance Technologies LLC Buys 90,100 Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Renaissance Technologies LLC increased its position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 759,100 shares of the shipping company’s stock after buying an additional 90,100 shares during the period. Renaissance Technologies LLC owned 3.67% of Seanergy Maritime worth $5,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Seanergy Maritime by 128.8% during the fourth quarter. JPMorgan Chase & Co. now owns 133,360 shares of the shipping company’s stock valued at $927,000 after acquiring an additional 75,079 shares in the last quarter. MML Investors Services LLC bought a new position in shares of Seanergy Maritime in the third quarter valued at $383,000. Trueblood Wealth Management LLC acquired a new position in shares of Seanergy Maritime during the fourth quarter valued at about $97,000. Aigen Investment Management LP bought a new stake in shares of Seanergy Maritime during the fourth quarter worth about $84,000. Finally, R Squared Ltd acquired a new stake in shares of Seanergy Maritime in the 4th quarter worth about $25,000. 29.36% of the stock is owned by institutional investors.

Seanergy Maritime Stock Up 1.9 %

SHIP opened at $5.47 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The stock has a market cap of $111.45 million, a price-to-earnings ratio of 2.34 and a beta of 0.13. The company’s 50-day moving average price is $6.55 and its two-hundred day moving average price is $7.62. Seanergy Maritime Holdings Corp. has a twelve month low of $4.78 and a twelve month high of $13.19.

Seanergy Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date was Thursday, March 27th. Seanergy Maritime’s dividend payout ratio is currently 18.96%.

Analyst Ratings Changes

SHIP has been the subject of several analyst reports. StockNews.com downgraded Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group cut their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a report on Monday, February 3rd.

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.