Seaspan Corp. (SSW) To Go Ex-Dividend on October 18th
Seaspan Corp. (NYSE:SSW) declared a quarterly dividend on Tuesday, October 11th. Stockholders of record on Thursday, October 20th will be given a dividend of 0.375 per share on Monday, October 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.30%. The ex-dividend date is Tuesday, October 18th.
Seaspan Corp. (NYSE:SSW) opened at 13.27 on Thursday. The stock has a 50 day moving average price of $13.75 and a 200-day moving average price of $15.21. The stock has a market cap of $1.40 billion, a P/E ratio of 15.32 and a beta of 1.29. Seaspan Corp. has a 12-month low of $13.15 and a 12-month high of $20.00.
Seaspan Corp. (NYSE:SSW) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 10.41% and a net margin of 16.10%. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share. On average, equities analysts expect that Seaspan Corp. will post $1.22 earnings per share for the current year.
A number of research firms have issued reports on SSW. Zacks Investment Research raised Seaspan Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Clarkson Capital reissued a “neutral” rating on shares of Seaspan Corp. in a research report on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.00.
Several hedge funds and other institutional investors have recently modified their holdings of the company. First Allied Advisory Services Inc. boosted its position in shares of Seaspan Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 10,456 shares of the company’s stock worth $145,000 after buying an additional 79 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Seaspan Corp. by 1.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,567 shares of the company’s stock worth $203,000 after buying an additional 206 shares in the last quarter. Janney Montgomery Scott LLC boosted 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 in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Seaspan Corp. by 10.2% in the second quarter. Cubist Systematic Strategies LLC now owns 22,210 shares of the company’s stock worth $310,000 after buying an additional 2,047 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Seaspan Corp. during the second quarter worth approximately $140,000. Institutional investors own 11.87% of the company’s stock.
Seaspan Corp. Company Profile
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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