Squarepoint Ops LLC Boosts Stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Squarepoint Ops LLC raised its position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 50.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 89,566 shares of the shipping company’s stock after purchasing an additional 30,052 shares during the period. Squarepoint Ops LLC’s holdings in Seanergy Maritime were worth $622,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in Seanergy Maritime in the 4th quarter valued at about $25,000. Quarry LP increased its stake in Seanergy Maritime by 188.5% in the 4th quarter. Quarry LP now owns 8,703 shares of the shipping company’s stock valued at $60,000 after buying an additional 5,686 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Seanergy Maritime in the 4th quarter valued at about $70,000. Boothbay Fund Management LLC purchased a new stake in Seanergy Maritime in the 4th quarter valued at about $76,000. Finally, Aigen Investment Management LP purchased a new stake in Seanergy Maritime in the 4th quarter valued at about $84,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Trading Up 1.1%

Shares of SHIP stock opened at $6.49 on Wednesday. The company has a 50 day moving average of $5.79 and a 200-day moving average of $6.72. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. Seanergy Maritime Holdings Corp. has a 12-month low of $4.78 and a 12-month high of $12.80. The firm has a market cap of $132.23 million, a P/E ratio of 2.77 and a beta of 0.20.

Seanergy Maritime Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, July 10th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, June 27th. Seanergy Maritime’s payout ratio is currently 15.75%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Seanergy Maritime Profile

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.