B. Riley Has Bullish Estimate for SHIP FY2025 Earnings

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) – B. Riley increased their FY2025 EPS estimates for shares of Seanergy Maritime in a report released on Thursday, October 23rd. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings per share of $0.33 for the year, up from their previous forecast of $0.23. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.01 per share.

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Seanergy Maritime in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $11.00.

Seanergy Maritime Stock Performance

Shares of SHIP stock opened at $8.23 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. Seanergy Maritime has a 52 week low of $4.78 and a 52 week high of $10.16. The stock has a market capitalization of $172.01 million, a PE ratio of 11.27 and a beta of 0.72. The firm has a 50 day moving average of $8.22 and a two-hundred day moving average of $7.00.

Seanergy Maritime Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Monday, September 29th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 29th. Seanergy Maritime’s dividend payout ratio (DPR) is presently 27.40%.

Institutional Investors Weigh In On Seanergy Maritime

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Seanergy Maritime by 512.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 86,566 shares of the shipping company’s stock valued at $546,000 after purchasing an additional 72,423 shares in the last quarter. 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 valued at $150,000 after acquiring an additional 2,713 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Seanergy Maritime in the first quarter valued at $129,000. Jane Street Group LLC purchased a new stake in Seanergy Maritime in the second quarter valued at $124,000. Finally, R Squared Ltd purchased a new stake in Seanergy Maritime in the second quarter valued at $122,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.

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.