Seanergy Maritime (NASDAQ:SHIP) Price Target Raised to $25.00 at B. Riley Financial

Seanergy Maritime (NASDAQ:SHIP) had its price target raised by B. Riley Financial from $22.00 to $25.00 in a research report report published on Friday,Benzinga reports. The firm currently has a buy rating on the shipping company’s stock.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded Seanergy Maritime from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Seanergy Maritime in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Seanergy Maritime currently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

Seanergy Maritime Stock Down 1.9%

SHIP opened at $17.49 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.85 and a quick ratio of 0.83. The company’s 50-day moving average is $15.12 and its 200 day moving average is $13.80. Seanergy Maritime has a fifty-two week low of $6.70 and a fifty-two week high of $18.08. The firm has a market capitalization of $365.54 million, a P/E ratio of 6.12 and a beta of 0.94.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings results on Thursday, May 28th. The shipping company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.24. The business had revenue of $42.85 million for the quarter, compared to analysts’ expectations of $42.15 million. Seanergy Maritime had a net margin of 30.68% and a return on equity of 22.51%. Research analysts expect that Seanergy Maritime will post 2.87 earnings per share 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. Investors of record on Friday, September 25th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 8.0%. This is a boost 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 44.69%.

Institutional Trading of Seanergy Maritime

Several hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in Seanergy Maritime by 512.1% in the second 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of Seanergy Maritime during the 2nd quarter worth approximately $124,000. BNP Paribas Financial Markets increased its stake in shares of Seanergy Maritime by 12.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 23,781 shares of the shipping company’s stock worth $150,000 after purchasing an additional 2,713 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $367,000 after purchasing an additional 15,991 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of Seanergy Maritime in the 3rd quarter worth approximately $345,000. Institutional investors own 29.36% of the company’s stock.

Key Seanergy Maritime News

Here are the key news stories impacting Seanergy Maritime this week:

• Positive Sentiment: Record quarterly results: Seanergy reported second-quarter revenue of approximately $55.7 million, up 48.6% year over year. Net income reached about $26.2 million, while EPS and adjusted EPS were $1.21 and $1.32, respectively. Revenue and earnings exceeded analyst expectations, with EPS well above the $0.18 reported in the prior-year quarter. Seanergy Maritime Reports Second Quarter and First-Half 2026 Financial Results
• Positive Sentiment: Profitability and cash flow strengthened: Gross profit rose 88.8% to $42.0 million, operating profit reached $30.5 million, operating cash flow totaled $26.8 million and cash and equivalents increased to $59.5 million. The results indicate strong operating leverage and improved financial flexibility. Seanergy Maritime Q2 2026 Earnings
• Positive Sentiment: Dividend increased: The company declared a quarterly dividend of $0.35 per share, up 75% from $0.20 and representing its 19th consecutive distribution. The dividend implies an annualized yield of roughly 7.9%; the ex-dividend and record date is September 25, with payment scheduled for October 9.
• Positive Sentiment: Analyst upgraded price target: B. Riley raised its SHIP price target from $22 to $25 and assigned a “Buy” rating, implying substantial upside from the recent trading level. Benzinga analyst update
• Neutral Sentiment: Institutional activity was mixed: Several funds, including Goldman Sachs, Two Sigma and Acadian Asset Management, increased their positions, while Millennium Management and Susquehanna reduced holdings. These moves offer no clear overall signal.
• Negative Sentiment: Insider selling: Executive Stavros Gyftakis sold 6,870 shares during the past six months for an estimated $98,674, with no reported insider purchases. The sale may weigh modestly on sentiment, although it is small relative to the company’s market value.

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.