Somewhat Favorable News Coverage Somewhat Unlikely to Impact Seaspan Corporation (SSW) Stock Price
Media stories about Seaspan Corporation (NYSE:SSW) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seaspan Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 45.9511163913211 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Seaspan’s Series D Preferred Shares Yield Pushes Past 8% (thestreet.com)
- Seaspan Is Set For Success (seekingalpha.com)
- Monday Sector Leaders: Shipping, Education & Training Services (4-traders.com)
- Seaspan Announces Pricing of $80 Million Public Offering of 7.125% Senior Notes (finance.yahoo.com)
- Seaspan Corporation (SSW) Set to Announce Earnings on Monday (americanbankingnews.com)
SSW has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 15th. ValuEngine downgraded Seaspan Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group set a $5.00 price objective on Seaspan Corporation and gave the company a “sell” rating in a report on Tuesday, August 1st. BidaskClub upgraded Seaspan Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $7.00 price objective on shares of Seaspan Corporation in a report on Friday, July 14th. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Seaspan Corporation currently has an average rating of “Hold” and a consensus target price of $6.79.
Seaspan Corporation (SSW) traded up 0.2746% during mid-day trading on Tuesday, reaching $7.3401. The company had a trading volume of 264,427 shares. The firm’s market capitalization is $864.94 million. Seaspan Corporation has a 12-month low of $5.02 and a 12-month high of $12.97. The firm has a 50-day moving average price of $7.13 and a 200 day moving average price of $6.63.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, October 20th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend is Thursday, October 19th. Seaspan Corporation’s payout ratio is -29.94%.
In other Seaspan Corporation news, CEO Gerry Yougui Wang sold 634,762 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $7.45, for a total value of $4,728,976.90. Following the transaction, the chief executive officer now owns 2,042,848 shares in the company, valued at $15,219,217.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Seaspan Corporation Company Profile
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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