Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Up 18.2% in February

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 336,700 shares, a growth of 18.2% from the February 13th total of 284,900 shares. Based on an average daily volume of 236,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.6% of the company’s stock are short sold.

Seanergy Maritime Stock Up 0.6 %

Seanergy Maritime stock opened at $7.26 on Friday. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $8.49. The firm has a market capitalization of $147.92 million, a price-to-earnings ratio of 3.10 and a beta of 0.45. Seanergy Maritime has a 1-year low of $6.55 and a 1-year high of $13.19.

Seanergy Maritime Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.40 dividend on an annualized basis and a yield of 5.51%. Seanergy Maritime’s dividend payout ratio (DPR) is currently 18.96%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SHIP shares. Maxim Group decreased their target price on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com cut Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Institutional Trading of Seanergy Maritime

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHIP. MML Investors Services LLC purchased a new position in shares of Seanergy Maritime during the third quarter valued at approximately $383,000. Trueblood Wealth Management LLC bought a new position in Seanergy Maritime during the 4th quarter valued at $97,000. Aigen Investment Management LP purchased a new position in Seanergy Maritime during the 4th quarter worth $84,000. PDT Partners LLC bought a new stake in shares of Seanergy Maritime in the 3rd quarter worth $194,000. Finally, Walleye Capital LLC raised its holdings in shares of Seanergy Maritime by 8.4% in the third quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock valued at $5,966,000 after purchasing an additional 37,288 shares during the last quarter. 29.36% of the stock is owned by institutional investors.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.