Seaspan Corp. (NYSE:SSW) was down 2% on Monday . The company traded as low as $14.58 and last traded at $14.85, with a volume of 126,672 shares. The stock had previously closed at $15.15.

A number of equities research analysts recently weighed in on SSW shares. Barclays PLC downgraded shares of Seaspan Corp. from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $15.00 to $14.00 in a research note on Friday, April 1st. Deutsche Bank AG downgraded shares of Seaspan Corp. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $25.00 to $12.00 in a research note on Tuesday, May 24th. Finally, Zacks Investment Research raised shares of Seaspan Corp. from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.00.

The stock’s 50-day moving average price is $14.66 and its 200 day moving average price is $16.20. The stock has a market capitalization of $1.44 billion and a PE ratio of 11.09.

Seaspan Corp. (NYSE:SSW) last posted its quarterly earnings results on Monday, April 25th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. During the same quarter last year, the company earned $0.25 earnings per share. On average, equities analysts forecast that Seaspan Corp. will post $1.23 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 1st. Stockholders of record on Wednesday, July 20th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, July 18th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 10.25%.

An institutional investor recently bought a new position in Seaspan Corp. stock. WBI Investments Inc. purchased a new position in shares of Seaspan Corp. (NYSE:SSW) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 67,281 shares of the company’s stock, valued at approximately $1,064,000. WBI Investments Inc. owned approximately 0.07% of Seaspan Corp. as of its most recent filing with the SEC.

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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