Shares of Seaspan Co. (NYSE:SSW) saw unusually-strong trading volume on Friday . Approximately 4,540,417 shares were traded during mid-day trading, an increase of 180% from the previous session’s volume of 1,622,955 shares.The stock last traded at $7.76 and had previously closed at $7.03.

A number of equities research analysts have recently weighed in on SSW shares. Morgan Stanley boosted their price target on Seaspan from $5.50 to $6.00 and gave the company an “underweight” rating in a report on Monday, February 12th. Deutsche Bank upgraded Seaspan from a “hold” rating to a “buy” rating and boosted their price target for the company from $7.00 to $13.00 in a report on Thursday. Bank of America lowered their price target on Seaspan from $7.00 to $6.00 and set an “underperform” rating for the company in a report on Friday, March 2nd. Seaport Global Securities upgraded Seaspan from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Wednesday, January 24th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Seaspan in a report on Thursday, March 15th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.21.

The company has a debt-to-equity ratio of 1.43, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $960.47, a price-to-earnings ratio of 11.76, a P/E/G ratio of 0.32 and a beta of 0.52.

Seaspan (NYSE:SSW) last issued its quarterly earnings data on Tuesday, February 27th. The shipping company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). The company had revenue of $214.38 million for the quarter, compared to the consensus estimate of $217.56 million. Seaspan had a return on equity of 6.79% and a net margin of 21.08%. During the same quarter in the previous year, the company earned $0.21 earnings per share. sell-side analysts expect that Seaspan Co. will post 1.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 20th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, April 19th. This represents a $0.50 dividend on an annualized basis and a yield of 6.44%. Seaspan’s payout ratio is currently 75.76%.

A number of institutional investors and hedge funds have recently modified their holdings of SSW. Advantage Investment Management LLC bought a new position in Seaspan during the 4th quarter worth $103,000. GSA Capital Partners LLP bought a new position in Seaspan during the 3rd quarter worth $220,000. Janney Montgomery Scott LLC bought a new position in Seaspan during the 3rd quarter worth $221,000. Schwab Charles Investment Management Inc. grew its stake in Seaspan by 104.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 44,944 shares of the shipping company’s stock worth $319,000 after buying an additional 22,958 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Seaspan by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 47,289 shares of the shipping company’s stock worth $319,000 after buying an additional 7,690 shares during the last quarter. Hedge funds and other institutional investors own 15.64% of the company’s stock.

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About Seaspan

Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Central, Hong Kong.

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