Seaspan Corporation (NYSE:SSW) is scheduled to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Seaspan Corporation to post earnings of $0.19 per share for the quarter.

Shares of Seaspan Corporation (NYSE:SSW) opened at 7.35 on Monday. The stock has a 50 day moving average of $7.13 and a 200 day moving average of $6.62. The stock’s market capitalization is $866.10 million. Seaspan Corporation has a 52-week low of $5.02 and a 52-week high of $12.97.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, October 20th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date of this dividend is Thursday, October 19th. Seaspan Corporation’s dividend payout ratio is currently -29.94%.

A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 15th. ValuEngine lowered shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group set a $5.00 price objective on shares of Seaspan Corporation and gave the stock a “sell” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Seaspan Corporation in a research note on Friday, July 14th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.79.

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In related news, CEO Gerry Yougui Wang sold 634,762 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $7.45, for a total value of $4,728,976.90. Following the completion of the sale, the chief executive officer now directly owns 2,042,848 shares of the company’s stock, valued at $15,219,217.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

An institutional investor recently raised its position in Seaspan Corporation stock. Vanguard Group Inc. increased its holdings in Seaspan Corporation (NYSE:SSW) by 836.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 210,751 shares of the shipping company’s stock after acquiring an additional 188,234 shares during the quarter. Vanguard Group Inc. owned approximately 0.18% of Seaspan Corporation worth $1,505,000 as of its most recent SEC filing. 15.33% of the stock is owned by institutional investors and hedge funds.

Seaspan Corporation Company Profile

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

Earnings History for Seaspan Corporation (NYSE:SSW)

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