Seanergy Maritime Holdings Corp (SHIP) To Go Ex-Dividend on June 29th

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) announced a quarterly dividend on Wednesday, May 27th. Investors of record on Monday, June 29th will be paid a dividend of 0.20 per share by the shipping company on Friday, July 10th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, June 29th.

Seanergy Maritime has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Seanergy Maritime to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 85.1%.

Seanergy Maritime Price Performance

SHIP opened at $14.16 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 1.11. The company has a market cap of $295.94 million, a price-to-earnings ratio of 7.91 and a beta of 0.92. The stock has a fifty day simple moving average of $15.29 and a two-hundred day simple moving average of $12.86. Seanergy Maritime has a 12-month low of $6.11 and a 12-month high of $16.86.

Seanergy Maritime (NASDAQ:SHIP) last released its earnings results on Thursday, May 28th. The shipping company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.24. The firm had revenue of $42.85 million for the quarter, compared to the consensus estimate of $42.15 million. Seanergy Maritime had a net margin of 20.96% and a return on equity of 14.47%. Research analysts predict that Seanergy Maritime will post 2.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Seanergy Maritime news, insider Stavros Gyftakis sold 3,570 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $13.95, for a total transaction of $49,801.50. Following the completion of the sale, the insider directly owned 236,295 shares in the company, valued at approximately $3,296,315.25. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.70% of the company’s stock.

Institutional Investors Weigh In On Seanergy Maritime

Institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Seanergy Maritime in the 3rd quarter worth approximately $324,000. Triumph Capital Management purchased a new stake in Seanergy Maritime during the 3rd quarter valued at $355,000. Jump Financial LLC increased its holdings in shares of Seanergy Maritime by 115.9% in the 4th quarter. Jump Financial LLC now owns 75,555 shares of the shipping company’s stock worth $697,000 after purchasing an additional 40,555 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Seanergy Maritime by 67.3% in the 4th quarter. Mackenzie Financial Corp now owns 69,799 shares of the shipping company’s stock worth $648,000 after purchasing an additional 28,075 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in shares of Seanergy Maritime in the fourth quarter worth $243,000. Hedge funds and other institutional investors own 29.36% of the company’s stock.

About Seanergy Maritime

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company’s operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.

The company’s core assets consist of a fleet of modern dry bulk carriers, spanning Capesize, Panamax and Supramax classes.