Campbell & CO Investment Adviser LLC Makes New $90,000 Investment in Seanergy Maritime Holdings Corp $SHIP

Campbell & CO Investment Adviser LLC purchased a new stake in Seanergy Maritime Holdings Corp (NASDAQ:SHIP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 14,203 shares of the shipping company’s stock, valued at approximately $90,000.

Separately, R Squared Ltd purchased a new position in shares of Seanergy Maritime in the 2nd quarter valued at approximately $122,000. Institutional investors own 29.36% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Seanergy Maritime in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.00.

Seanergy Maritime Stock Performance

NASDAQ:SHIP opened at $9.51 on Wednesday. The firm’s fifty day simple moving average is $8.52 and its 200-day simple moving average is $7.42. The company has a quick ratio of 0.37, a current ratio of 0.39 and a debt-to-equity ratio of 0.95. The stock has a market cap of $198.78 million, a PE ratio of 13.03 and a beta of 0.70. Seanergy Maritime Holdings Corp has a fifty-two week low of $4.78 and a fifty-two week high of $9.58.

Seanergy Maritime Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Monday, December 29th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 5.5%. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, December 29th. Seanergy Maritime’s dividend payout ratio is 71.23%.

Seanergy Maritime 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.