Seanergy Maritime (NASDAQ:SHIP) Director Christina Anagnostara Sells 15,000 Shares of Stock

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) Director Christina Anagnostara sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $17.19, for a total transaction of $257,850.00. Following the completion of the sale, the director owned 178,239 shares of the company’s stock, valued at approximately $3,063,928.41. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Seanergy Maritime Price Performance

NASDAQ SHIP opened at $16.86 on Friday. The firm’s fifty day simple moving average is $15.35 and its two-hundred day simple moving average is $14.08. The firm has a market capitalization of $352.41 million, a P/E ratio of 5.90 and a beta of 0.92. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 1.11. Seanergy Maritime Holdings Corp has a 12-month low of $7.21 and a 12-month high of $18.48.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings data on Thursday, July 30th. The shipping company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.05 by $0.27. Seanergy Maritime had a return on equity of 22.51% and a net margin of 30.68%.The firm had revenue of $55.69 million during the quarter, compared to analyst estimates of $53.90 million. Analysts forecast that Seanergy Maritime Holdings Corp will post 2.87 EPS for the current fiscal year.

Seanergy Maritime Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 25th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 8.3%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, September 25th. Seanergy Maritime’s dividend payout ratio is currently 48.95%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Seanergy Maritime in a research note on Wednesday, July 8th. B. Riley Financial raised their price target on shares of Seanergy Maritime from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research downgraded Seanergy Maritime from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.00.

Institutional Trading of Seanergy Maritime

Institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. acquired a new stake in shares of Seanergy Maritime in the fourth quarter worth $41,000. Truist Financial Corp purchased a new stake in Seanergy Maritime in the fourth quarter valued at $113,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Seanergy Maritime during the 4th quarter valued at about $119,000. Virtu Financial LLC acquired a new position in shares of Seanergy Maritime in the 3rd quarter valued at about $134,000. Finally, Centiva Capital LP purchased a new stake in shares of Seanergy Maritime in the third quarter worth about $139,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Seanergy Maritime Company Profile

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.