R Squared Ltd Invests $122,000 in Seanergy Maritime Holdings Corp $SHIP

R Squared Ltd acquired a new position in shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP) during the second quarter, Holdings Channel reports. The institutional investor acquired 19,303 shares of the shipping company’s stock, valued at approximately $122,000.

Separately, WMG Financial Advisors LLC acquired a new stake in shares of Seanergy Maritime during the 2nd quarter worth approximately $109,000. 29.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Seanergy Maritime in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Seanergy Maritime currently has an average rating of “Hold” and an average price target of $11.00.

Seanergy Maritime Trading Down 2.1%

Shares of NASDAQ:SHIP opened at $8.23 on Monday. Seanergy Maritime Holdings Corp has a 1 year low of $4.78 and a 1 year high of $10.16. The firm has a market capitalization of $172.01 million, a price-to-earnings ratio of 11.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.39 and a quick ratio of 0.37. The business’s 50 day moving average price is $8.22 and its 200-day moving average price is $7.02.

Seanergy Maritime Dividend Announcement

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

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.