Dynamic Technology Lab Private Ltd Acquires Shares of 12,692 Seaspan Corp. (SSW)
Dynamic Technology Lab Private Ltd acquired a new position in shares of Seaspan Corp. (NYSE:SSW) during the second quarter, Holdings Channel reports. The firm acquired 12,692 shares of the company’s stock, valued at approximately $178,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Investors Asset Management of Georgia Inc. GA ADV increased its position in shares of Seaspan Corp. by 9.0% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,077 shares of the company’s stock worth $169,000 after buying an additional 1,000 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Seaspan Corp. during the first quarter worth approximately $262,000. Janney Montgomery Scott LLC increased its position in shares of Seaspan Corp. by 7.0% in the second quarter. Janney Montgomery Scott LLC now owns 15,359 shares of the company’s stock worth $243,000 after buying an additional 1,000 shares during the last quarter. Airain ltd acquired a new position in shares of Seaspan Corp. during the second quarter worth approximately $241,000. Finally, M&T Bank Corp acquired a new position in shares of Seaspan Corp. during the first quarter worth approximately $324,000. Hedge funds and other institutional investors own 11.87% of the company’s stock.
Shares of Seaspan Corp. (NYSE:SSW) opened at 13.43 on Friday. Seaspan Corp. has a 12 month low of $13.16 and a 12 month high of $20.00. The firm has a 50 day moving average of $13.95 and a 200-day moving average of $15.36. The stock has a market capitalization of $1.41 billion, a P/E ratio of 15.51 and a beta of 1.29.
Seaspan Corp. (NYSE:SSW) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business earned $224.31 million during the quarter, compared to the consensus estimate of $217.74 million. Seaspan Corp. had a net margin of 16.10% and a return on equity of 10.41%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. Analysts forecast that Seaspan Corp. will post $1.22 earnings per share for the current year.
A number of research analysts recently commented on SSW shares. Zacks Investment Research downgraded shares of Seaspan Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Clarkson Capital reissued a “neutral” rating on shares of Seaspan Corp. in a research note on Friday, September 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Seaspan Corp. currently has a consensus rating of “Hold” and an average price target of $16.00.
About Seaspan Corp.
Seaspan Corporation is an independent charter owner and manager of containerships. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It operates a fleet of approximately 90 containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, CSCL Manzanillo and Guayaquil Bridge.
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