Seanergy Maritime (NASDAQ:SHIP) Price Target Raised to $17.00 at B. Riley Financial

Seanergy Maritime (NASDAQ:SHIP) had its price objective increased by B. Riley Financial from $15.00 to $17.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the shipping company’s stock.

A number of other analysts also recently commented on the company. Noble Financial restated an “outperform” rating on shares of Seanergy Maritime in a research note on Monday, February 9th. Zacks Research upgraded Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Seanergy Maritime in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Seanergy Maritime currently has an average rating of “Buy” and an average price target of $17.00.

Seanergy Maritime Trading Up 6.4%

Shares of Seanergy Maritime stock opened at $13.47 on Wednesday. The stock has a market cap of $281.52 million, a PE ratio of 13.47 and a beta of 0.89. The firm has a fifty day moving average price of $10.05 and a 200 day moving average price of $9.08. Seanergy Maritime has a 1 year low of $4.78 and a 1 year high of $13.56. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 27th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 5.9%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.13. Seanergy Maritime’s dividend payout ratio is 71.23%.

Institutional Trading of Seanergy Maritime

Several institutional investors have recently modified their holdings of SHIP. R Squared Ltd acquired a new position in shares of Seanergy Maritime during the 2nd quarter worth about $122,000. Campbell & CO Investment Adviser LLC acquired a new stake in Seanergy Maritime in the 2nd quarter worth about $90,000. Arrowstreet Capital Limited Partnership increased its stake in Seanergy Maritime by 512.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 86,566 shares of the shipping company’s stock worth $546,000 after buying an additional 72,423 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Seanergy Maritime during the second quarter valued at approximately $124,000. Finally, BNP Paribas Financial Markets lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

Key Headlines Impacting Seanergy Maritime

Here are the key news stories impacting Seanergy Maritime this week:

• Positive Sentiment: Q4 results beat expectations — company topped consensus on EPS and revenue (strong margins cited), which investors view as validation of the business recovery. Zacks: Seanergy Beats Q4
• Positive Sentiment: Analyst upgrade / higher target — B. Riley raised its price target to $17 and reiterated a Buy rating, signaling further upside vs. the current trading level and giving investors fresh conviction. TickerReport: B. Riley Raises PT
• Positive Sentiment: Dividend increased materially — Seanergy announced a quarterly dividend of $0.20 (annualized yield ~6.3%), up ~53.8% from the prior payout, which makes the stock more attractive to income-focused holders (ex-dividend March 27). (Company release)
• Positive Sentiment: Fleet growth — reports note Seanergy added two newbuilds alongside the strong quarter, supporting revenue-growth potential and long-term earnings capacity. Seeking Alpha: Adds Two Newbuilds
• Neutral Sentiment: Positive coverage / analyst attention — the stock is being featured in stock lists (e.g., Zacks roundup) and bullish commentary on Seeking Alpha, which can amplify momentum but is not a direct fundamental change. Zacks: Top-Ranked Stocks List
• Negative Sentiment: Liquidity and leverage metrics remain modest — the company’s quick/current ratios are low and debt-to-equity is meaningful, which increases sensitivity to freight-cycle swings and could limit upside if market conditions deteriorate. (Company financials)

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.