Sigma Planning Corp Purchases 56,000 Shares of Seanergy Maritime Holdings Corp $SHIP

Sigma Planning Corp acquired a new position in Seanergy Maritime Holdings Corp (NASDAQ:SHIP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 56,000 shares of the shipping company’s stock, valued at approximately $919,000. Sigma Planning Corp owned 0.27% of Seanergy Maritime as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHIP. Vision Financial Markets LLC bought a new position in Seanergy Maritime during the third quarter valued at about $28,000. Cetera Investment Advisers grew its holdings in Seanergy Maritime by 4.2% during the first quarter. Cetera Investment Advisers now owns 20,504 shares of the shipping company’s stock worth $265,000 after acquiring an additional 829 shares during the period. NewEdge Advisors LLC acquired a new position in Seanergy Maritime during the second quarter worth about $289,000. Navellier & Associates Inc. bought a new stake in Seanergy Maritime in the second quarter worth about $355,000. Finally, R Squared Ltd raised its position in Seanergy Maritime by 59.3% in the first quarter. R Squared Ltd now owns 29,062 shares of the shipping company’s stock worth $375,000 after acquiring an additional 10,816 shares in the last quarter. Institutional investors own 29.36% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Seanergy Maritime from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. B. Riley Financial upped their price target on Seanergy Maritime from $22.00 to $25.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research downgraded Seanergy Maritime from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $25.00.

Seanergy Maritime Trading Up 1.1%

Shares of SHIP opened at $16.10 on Friday. The business’s 50-day moving average price is $17.26 and its 200 day moving average price is $14.89. The stock has a market capitalization of $336.49 million, a P/E ratio of 5.63 and a beta of 0.99. Seanergy Maritime Holdings Corp has a 1-year low of $8.16 and a 1-year high of $19.22.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Thursday, July 30th. The shipping company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. Seanergy Maritime had a net margin of 30.68% and a return on equity of 21.87%. The company had revenue of $55.69 million during the quarter, compared to analyst estimates of $53.90 million. On average, research analysts predict that Seanergy Maritime Holdings Corp will post 3.33 earnings per share for the current year.

Insider Activity at Seanergy Maritime

In related news, Director Christina Anagnostara sold 15,000 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $17.19, for a total value of $257,850.00. Following the completion of the sale, the director directly owned 178,239 shares of the company’s stock, valued at approximately $3,063,928.41. This represents a 7.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stavros Gyftakis sold 2,835 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $17.52, for a total transaction of $49,669.20. Following the completion of the sale, the insider directly owned 230,340 shares of the company’s stock, valued at $4,035,556.80. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 4.70% of the company’s stock.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp. is a Greece-based international shipping company that owns and operates dry bulk vessels, with a primary focus on Capesize ships. These large vessels transport major dry bulk commodities, including iron ore, coal and grain, for industrial and commercial customers around the world.

The company generates revenue by chartering its vessels to global commodity producers, traders and other shipping customers. Depending on market conditions and customer requirements, its ships may operate under spot-market, voyage charter or time-charter arrangements.