Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Down 21.8% in November

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) saw a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 237,800 shares, a drop of 21.8% from the October 31st total of 304,100 shares. Based on an average daily volume of 252,300 shares, the short-interest ratio is currently 0.9 days. Approximately 1.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 13th.

Institutional Investors Weigh In On Seanergy Maritime

Large investors have recently made changes to their positions in the company. MML Investors Services LLC bought a new position in Seanergy Maritime during the 3rd quarter valued at about $383,000. XTX Topco Ltd increased its holdings in shares of Seanergy Maritime by 3.7% during the third quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company’s stock worth $501,000 after buying an additional 1,447 shares in the last quarter. Quarry LP raised its stake in shares of Seanergy Maritime by 77.9% in the third quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock valued at $37,000 after acquiring an additional 1,321 shares during the last quarter. PDT Partners LLC acquired a new position in shares of Seanergy Maritime in the 3rd quarter worth approximately $194,000. Finally, Walleye Capital LLC grew its position in Seanergy Maritime by 8.4% during the 3rd quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock worth $5,966,000 after acquiring an additional 37,288 shares during the last quarter. Institutional investors own 29.36% of the company’s stock.

Seanergy Maritime Stock Performance

NASDAQ:SHIP opened at $8.13 on Friday. The firm has a market capitalization of $168.29 million, a PE ratio of 3.47 and a beta of 0.65. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. Seanergy Maritime has a 12-month low of $6.34 and a 12-month high of $13.19. The firm has a 50-day moving average price of $10.19 and a 200 day moving average price of $10.53.

Seanergy Maritime (NASDAQ:SHIP) last issued its earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The business had revenue of $44.36 million during the quarter, compared to analysts’ expectations of $42.10 million. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. During the same period in the prior year, the firm posted ($0.28) EPS. Research analysts anticipate that Seanergy Maritime will post 2.1 earnings per share for the current fiscal year.

Seanergy Maritime Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, December 27th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 12.79%. The ex-dividend date is Friday, December 27th. This is an increase from Seanergy Maritime’s previous quarterly dividend of $0.25. Seanergy Maritime’s payout ratio is currently 42.74%.

About Seanergy Maritime

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.