Seanergy Maritime (NASDAQ:SHIP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.12 and traded as high as $12.95. Seanergy Maritime shares last traded at $12.40, with a volume of 176,708 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. B. Riley Financial upped their price target on shares of Seanergy Maritime from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Noble Financial reissued an “outperform” rating on shares of Seanergy Maritime in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Seanergy Maritime in a report on Monday, December 29th. Finally, Zacks Research raised Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $17.00.

Seanergy Maritime Price Performance

The stock has a market capitalization of $259.16 million, a PE ratio of 12.40 and a beta of 0.83. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average is $12.11 and its 200 day moving average is $10.12.

Seanergy Maritime Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 6.5%. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.13. Seanergy Maritime’s dividend payout ratio is presently 52.00%.

Institutional Trading of Seanergy Maritime

A number of institutional investors have recently bought and sold shares of SHIP. Russell Investments Group Ltd. purchased a new position in Seanergy Maritime in the fourth quarter valued at about $41,000. Allworth Financial LP purchased a new stake in shares of Seanergy Maritime during the 3rd quarter worth about $85,000. Truist Financial Corp purchased a new stake in shares of Seanergy Maritime during the 4th quarter worth about $113,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Seanergy Maritime during the 4th quarter valued at about $119,000. Finally, Jane Street Group LLC acquired a new stake in shares of Seanergy Maritime during the 2nd quarter valued at about $124,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

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.