Seanergy Maritime Holdings Corp (NASDAQ:SHIP) Declares Quarterly Dividend of $0.20

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) declared a quarterly dividend on Tuesday, February 17th. Stockholders of record on Friday, March 27th will be given a dividend of 0.20 per share by the shipping company on Friday, April 10th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, March 27th. This is a 53.8% increase from Seanergy Maritime’s previous quarterly dividend of $0.13.

Seanergy Maritime has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Seanergy Maritime to earn $0.38 per share next year, which means the company may not be able to cover its $0.52 annual dividend with an expected future payout ratio of 136.8%.

Seanergy Maritime Trading Up 10.0%

NASDAQ SHIP traded up $1.15 during trading on Tuesday, hitting $12.66. The company had a trading volume of 755,806 shares, compared to its average volume of 173,112. The company’s fifty day moving average is $9.93 and its 200-day moving average is $9.01. The company has a market cap of $264.59 million, a price-to-earnings ratio of 17.34 and a beta of 0.88. The company has a current ratio of 0.39, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. Seanergy Maritime has a one year low of $4.78 and a one year high of $12.82.

Institutional Trading of Seanergy Maritime

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd purchased a new position in shares of Seanergy Maritime in the second quarter worth $122,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Seanergy Maritime during the second quarter valued at $90,000. Arrowstreet Capital Limited Partnership increased its holdings in Seanergy Maritime by 512.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 86,566 shares of the shipping company’s stock worth $546,000 after buying an additional 72,423 shares in the last quarter. Jane Street Group LLC purchased a new position in Seanergy Maritime in the 2nd quarter worth about $124,000. Finally, BNP Paribas Financial Markets lifted its stake in Seanergy Maritime by 12.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 23,781 shares of the shipping company’s stock valued at $150,000 after acquiring an additional 2,713 shares during the period. 29.36% of the stock is currently owned by hedge funds and other institutional investors.

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.