Seanergy Maritime (NASDAQ:SHIP) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Seanergy Maritime Holdings Corp (NASDAQ:SHIP)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.59 and traded as high as $7.82. Seanergy Maritime shares last traded at $7.78, with a volume of 159,155 shares traded.

Seanergy Maritime Stock Down 0.1%

The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. The stock has a market cap of $162.60 million, a P/E ratio of 10.66 and a beta of 0.74. The business has a 50-day simple moving average of $7.09 and a 200-day simple moving average of $6.59.

Seanergy Maritime Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, September 29th. Seanergy Maritime’s dividend payout ratio is currently 27.40%.

Institutional Investors Weigh In On Seanergy Maritime

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its position in Seanergy Maritime by 12.9% in the second quarter. BNP Paribas Financial Markets now owns 23,781 shares of the shipping company’s stock worth $150,000 after purchasing an additional 2,713 shares during the period. Jane Street Group LLC acquired a new position in Seanergy Maritime during the second quarter worth $124,000. Arrowstreet Capital Limited Partnership raised its stake in Seanergy Maritime by 512.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 86,566 shares of the shipping company’s stock worth $546,000 after acquiring an additional 72,423 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in Seanergy Maritime during the second quarter worth $90,000. Finally, R Squared Ltd acquired a new position in Seanergy Maritime during the second quarter worth $122,000. 29.36% of the stock is owned by institutional investors.

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.