Navellier & Associates Inc. Sells 92,893 Shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Navellier & Associates Inc. lessened its stake in shares of Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 63.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,001 shares of the shipping company’s stock after selling 92,893 shares during the quarter. Navellier & Associates Inc. owned about 0.26% of Seanergy Maritime worth $375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MML Investors Services LLC bought a new position in shares of Seanergy Maritime during the 3rd quarter worth about $383,000. Trueblood Wealth Management LLC bought a new position in shares of Seanergy Maritime during the 4th quarter worth about $97,000. PDT Partners LLC bought a new position in shares of Seanergy Maritime during the 3rd quarter worth about $194,000. Walleye Capital LLC boosted its position in shares of Seanergy Maritime by 8.4% during the 3rd quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock worth $5,966,000 after purchasing an additional 37,288 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Seanergy Maritime by 3.7% during the 3rd quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company’s stock worth $501,000 after purchasing an additional 1,447 shares in the last quarter. Institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP opened at $7.01 on Monday. Seanergy Maritime Holdings Corp. has a fifty-two week low of $6.55 and a fifty-two week high of $13.19. The stock has a market cap of $145.11 million, a price-to-earnings ratio of 3.00 and a beta of 0.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.52 and a current ratio of 1.99. The firm’s 50-day simple moving average is $6.98 and its 200 day simple moving average is $8.97.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SHIP. Maxim Group cut their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

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.