Seanergy Maritime (NASDAQ:SHIP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Seanergy Maritime (NASDAQ:SHIP) from a hold rating to a buy rating in a research report released on Saturday.

Several other research analysts also recently commented on SHIP. Weiss Ratings raised shares of Seanergy Maritime from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, November 19th. Zacks Research upgraded Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. One equities research 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 stock. According to data from MarketBeat.com, Seanergy Maritime currently has an average rating of “Buy” and an average target price of $11.00.

Seanergy Maritime Price Performance

Shares of NASDAQ:SHIP opened at $10.04 on Friday. The firm has a market capitalization of $209.86 million, a PE ratio of 13.75 and a beta of 0.70. 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 company has a 50-day moving average price of $8.59 and a two-hundred day moving average price of $7.53. Seanergy Maritime has a twelve month low of $4.78 and a twelve month high of $10.07.

Seanergy Maritime Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Monday, December 29th will be paid a dividend of $0.13 per share. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.05. This represents a $0.52 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Monday, December 29th. Seanergy Maritime’s dividend payout ratio is presently 71.23%.

Institutional Trading of Seanergy Maritime

Several institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised 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 worth $150,000 after buying an additional 2,713 shares in the last quarter. R Squared Ltd grew its position in Seanergy Maritime by 28.0% during the third quarter. R Squared Ltd now owns 24,708 shares of the shipping company’s stock worth $204,000 after buying an additional 5,405 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Seanergy Maritime in the 2nd quarter worth about $90,000. JPMorgan Chase & Co. increased its stake in Seanergy Maritime by 56.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,467 shares of the shipping company’s stock worth $367,000 after acquiring an additional 15,991 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Seanergy Maritime in the 3rd quarter valued at about $134,000. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

Seanergy Maritime Company Profile

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.