GSA Capital Partners LLP Invests $324,000 in Seanergy Maritime Holdings Corp $SHIP

GSA Capital Partners LLP bought a new stake in Seanergy Maritime Holdings Corp (NASDAQ:SHIP) during the third quarter, HoldingsChannel reports. The firm bought 39,177 shares of the shipping company’s stock, valued at approximately $324,000.

A number of other hedge funds have also bought and sold shares of SHIP. BNP Paribas Financial Markets increased its holdings in 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 buying an additional 2,713 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Seanergy Maritime in the 2nd quarter worth approximately $90,000. JPMorgan Chase & Co. increased its holdings in shares of Seanergy Maritime by 56.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 44,467 shares of the shipping company’s stock valued at $367,000 after acquiring an additional 15,991 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Seanergy Maritime during the 2nd quarter valued at approximately $124,000. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Seanergy Maritime by 512.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 86,566 shares of the shipping company’s stock valued at $546,000 after acquiring an additional 72,423 shares in the last quarter. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Seanergy Maritime Trading Up 0.4%

Shares of NASDAQ:SHIP opened at $14.10 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average price is $10.55 and its 200 day moving average price is $9.34. The company has a market cap of $294.69 million, a PE ratio of 14.10 and a beta of 0.89. Seanergy Maritime Holdings Corp has a fifty-two week low of $4.78 and a fifty-two week high of $14.23.

Seanergy Maritime Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be given a dividend of $0.20 per share. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.13. This represents a $0.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, March 27th. Seanergy Maritime’s payout ratio is presently 52.00%.

Analyst Upgrades and Downgrades

SHIP has been the subject of a number of research reports. Zacks Research raised shares of Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Noble Financial reaffirmed an “outperform” rating on shares of Seanergy Maritime in a report on Monday, February 9th. B. Riley Financial boosted their price objective on shares of Seanergy Maritime from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Seanergy Maritime in a report on Monday, December 29th. Finally, Wall Street Zen raised Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $17.00.

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.