Seanergy Maritime (NASDAQ:SHIP) Given New $22.00 Price Target at B. Riley Financial

Seanergy Maritime (NASDAQ:SHIP) had its target price boosted by B. Riley Financial from $17.00 to $22.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the shipping company’s stock.

SHIP has been the topic of a number of other reports. Wall Street Zen raised shares of Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Seanergy Maritime in a research report on Friday, March 27th. Zacks Research raised shares of Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Noble Financial reaffirmed an “outperform” rating on shares of Seanergy Maritime in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $22.00.

Seanergy Maritime Stock Up 9.5%

NASDAQ:SHIP opened at $15.50 on Friday. The firm’s 50-day moving average price is $14.51 and its 200-day moving average price is $12.08. The company has a market capitalization of $323.95 million, a PE ratio of 8.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.85 and a quick ratio of 0.83. Seanergy Maritime has a 1-year low of $6.10 and a 1-year high of $16.81.

Seanergy Maritime (NASDAQ:SHIP) last released its earnings results on Thursday, May 28th. The shipping company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.24. The firm had revenue of $42.85 million for the quarter, compared to the consensus estimate of $42.15 million. Seanergy Maritime had a net margin of 20.96% and a return on equity of 14.72%. On average, equities analysts predict that Seanergy Maritime will post 1.89 EPS for the current fiscal year.

Seanergy Maritime Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Monday, June 29th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.2%. Seanergy Maritime’s payout ratio is currently 80.00%.

Insider Activity at Seanergy Maritime

In other news, insider Stavros Gyftakis sold 3,570 shares of Seanergy Maritime stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $13.95, for a total value of $49,801.50. Following the completion of the sale, the insider directly owned 236,295 shares in the company, valued at $3,296,315.25. The trade was a 1.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.70% of the stock is owned by corporate insiders.

Institutional Trading of Seanergy Maritime

Large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in shares of Seanergy Maritime in the third quarter worth approximately $324,000. Triumph Capital Management bought a new stake in shares of Seanergy Maritime in the third quarter worth approximately $355,000. R Squared Ltd grew its stake in shares of Seanergy Maritime by 28.0% in the third quarter. R Squared Ltd now owns 24,708 shares of the shipping company’s stock worth $204,000 after acquiring an additional 5,405 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Seanergy Maritime during the 4th quarter valued at about $119,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Seanergy Maritime during the 4th quarter valued at about $41,000. 29.36% of the stock is currently owned by institutional investors.

Trending Headlines about Seanergy Maritime

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

• Positive Sentiment: B. Riley Financial raised its price target on Seanergy Maritime from $17 to $22 and reiterated a Buy rating, signaling confidence in additional upside from current levels. B. Riley raises Seanergy Maritime price target to $22
• Positive Sentiment: Seanergy reported Q1 2026 earnings of $0.63 per share, well ahead of the $0.39 consensus, while revenue also edged above expectations at $42.85 million, reinforcing the case for stronger profitability. Seanergy Maritime Q1 earnings and revenues beat estimates
• Positive Sentiment: The company also announced a quarterly dividend of $0.20 per share, extending its streak of consecutive quarterly distributions and supporting the stock’s appeal for income-focused investors. Seanergy Maritime first quarter 2026 financial results
• Positive Sentiment: Recent commentary highlighted fleet expansion, a younger vessel profile, and steady shareholder returns, which suggests improving operating fundamentals and better long-term cash generation. Why investors should bet on Seanergy Maritime stock right now
• Neutral Sentiment: Several earnings-call and stock-valuation articles are circulating after the quarterly report, keeping attention on whether the company can sustain recent results and justify the higher share price. Seanergy Maritime Q1 2026 earnings call transcript

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.