Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Short Interest Up 35.8% in October

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 304,100 shares, an increase of 35.8% from the October 15th total of 224,000 shares. Based on an average daily trading volume, of 243,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.3% of the shares of the stock are short sold.

Seanergy Maritime Trading Down 0.3 %

Shares of SHIP traded down $0.03 during midday trading on Friday, hitting $9.04. The stock had a trading volume of 219,995 shares, compared to its average volume of 250,082. The business has a 50-day simple moving average of $10.51 and a two-hundred day simple moving average of $10.62. The firm has a market cap of $187.13 million, a P/E ratio of 3.86 and a beta of 0.65. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. Seanergy Maritime has a fifty-two week low of $5.29 and a fifty-two week high of $13.19.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.07. The firm had revenue of $44.36 million for the quarter, compared to analysts’ expectations of $42.10 million. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. During the same period in the previous year, the company posted ($0.28) EPS. As a group, equities analysts forecast that Seanergy Maritime will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 11.50%. This is a positive change from Seanergy Maritime’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 27th. Seanergy Maritime’s payout ratio is presently 42.74%.

Analyst Ratings Changes

Several research analysts have issued reports on SHIP shares. Noble Financial upgraded Seanergy Maritime to a “strong-buy” rating in a research report on Tuesday, July 23rd. StockNews.com lowered Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Institutional Investors Weigh In On Seanergy Maritime

A number of institutional investors have recently bought and sold shares of SHIP. Quarry LP increased its holdings in shares of Seanergy Maritime by 77.9% in the 3rd quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock valued at $37,000 after purchasing an additional 1,321 shares during the period. D.A. Davidson & CO. acquired a new position in Seanergy Maritime in the 3rd quarter valued at approximately $179,000. PDT Partners LLC acquired a new stake in shares of Seanergy Maritime during the 3rd quarter valued at $194,000. ORG Partners LLC purchased a new position in shares of Seanergy Maritime during the 2nd quarter valued at $191,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Seanergy Maritime during the 2nd quarter valued at $213,000. 29.36% of the stock is currently owned by institutional investors and hedge funds.

Seanergy Maritime Company Profile

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.