Cubist Systematic Strategies LLC Decreases Holdings in Seanergy Maritime Holdings Corp $SHIP

Cubist Systematic Strategies LLC trimmed its position in shares of Seanergy Maritime Holdings Corp (NASDAQ:SHIP) by 77.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,049 shares of the shipping company’s stock after selling 157,326 shares during the period. Cubist Systematic Strategies LLC’s holdings in Seanergy Maritime were worth $288,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SHIP. Jane Street Group LLC purchased a new position in Seanergy Maritime in the 4th quarter worth approximately $104,000. BNP Paribas Financial Markets bought a new position in shares of Seanergy Maritime in the fourth quarter worth approximately $284,000. Cetera Investment Advisers bought a new position in shares of Seanergy Maritime in the fourth quarter worth approximately $207,000. Graham Capital Management L.P. purchased a new position in shares of Seanergy Maritime in the fourth quarter worth $266,000. Finally, Millennium Management LLC increased its stake in shares of Seanergy Maritime by 46.4% in the fourth quarter. Millennium Management LLC now owns 570,330 shares of the shipping company’s stock worth $3,964,000 after buying an additional 180,876 shares during the period. 29.36% of the stock is owned by hedge funds and other institutional investors.

Seanergy Maritime Stock Up 2.6%

Shares of NASDAQ SHIP opened at $8.66 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. Seanergy Maritime Holdings Corp has a 52 week low of $4.78 and a 52 week high of $12.65. The firm’s fifty day moving average is $7.34 and its 200 day moving average is $6.65. The company has a market cap of $180.99 million, a price-to-earnings ratio of 11.86 and a beta of 0.74.

Seanergy Maritime Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, September 29th. Seanergy Maritime’s payout ratio is presently 27.40%.

Seanergy Maritime Company 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.