Cambridge Investment Research Advisors Inc. Takes $129,000 Position in Seanergy Maritime Holdings Corp (NASDAQ:SHIP)

Cambridge Investment Research Advisors Inc. acquired a new stake in Seanergy Maritime Holdings Corp (NASDAQ:SHIP) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,099 shares of the shipping company’s stock, valued at approximately $129,000. Cambridge Investment Research Advisors Inc. owned 0.10% of Seanergy Maritime as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Seanergy Maritime by 128.8% in the 4th quarter. JPMorgan Chase & Co. now owns 133,360 shares of the shipping company’s stock worth $927,000 after purchasing an additional 75,079 shares during the period. Renaissance Technologies LLC raised its holdings in Seanergy Maritime by 13.5% in the 4th quarter. Renaissance Technologies LLC now owns 759,100 shares of the shipping company’s stock worth $5,276,000 after purchasing an additional 90,100 shares during the period. Marshall Wace LLP raised its holdings in Seanergy Maritime by 6.3% in the 4th quarter. Marshall Wace LLP now owns 226,712 shares of the shipping company’s stock worth $1,576,000 after purchasing an additional 13,513 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Seanergy Maritime in the 4th quarter worth about $70,000. Finally, Boothbay Fund Management LLC acquired a new position in Seanergy Maritime in the 4th quarter worth about $76,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Seanergy Maritime Stock Performance

NASDAQ SHIP opened at $6.77 on Tuesday. The stock has a market capitalization of $136.48 million, a price-to-earnings ratio of 5.33 and a beta of 0.28. Seanergy Maritime Holdings Corp has a twelve month low of $4.78 and a twelve month high of $12.65. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The stock has a 50-day moving average of $6.33 and a 200 day moving average of $6.49.

Seanergy Maritime Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Friday, June 27th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.95%. Seanergy Maritime’s payout ratio is currently 15.75%.

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.