Seanergy Maritime (NASDAQ:SHIP) Upgraded at Zacks Research

Zacks Research upgraded shares of Seanergy Maritime (NASDAQ:SHIP) from a hold rating to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on SHIP. Noble Financial reaffirmed an “outperform” rating on shares of Seanergy Maritime in a research report on Monday. Wall Street Zen upgraded Seanergy Maritime from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Seanergy Maritime in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Seanergy Maritime Stock Performance

Seanergy Maritime stock opened at $11.51 on Wednesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.39 and a quick ratio of 0.37. Seanergy Maritime has a 12 month low of $4.78 and a 12 month high of $11.84. The company has a fifty day moving average price of $9.91 and a two-hundred day moving average price of $8.95. The company has a market cap of $240.56 million, a PE ratio of 15.77 and a beta of 0.89.

Institutional Trading of Seanergy Maritime

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in Seanergy Maritime during the 3rd quarter worth $85,000. Truist Financial Corp bought a new stake in shares of Seanergy Maritime during the fourth quarter valued at about $113,000. Campbell & CO Investment Adviser LLC acquired a new stake in Seanergy Maritime in the second quarter worth about $90,000. Virtu Financial LLC acquired a new stake in Seanergy Maritime in the third quarter worth about $134,000. Finally, Centiva Capital LP bought a new position in Seanergy Maritime in the 3rd quarter valued at about $139,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.

About Seanergy Maritime

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company’s operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.

The company’s core assets consist of a fleet of modern dry bulk carriers, spanning Capesize, Panamax and Supramax classes.