Seanergy Maritime (NASDAQ:SHIP) Releases Earnings Results, Beats Estimates By $0.14 EPS

Seanergy Maritime (NASDAQ:SHIP) posted its earnings results on Tuesday. The shipping company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.14, Zacks reports. Seanergy Maritime had a return on equity of 5.71% and a net margin of 9.93%.

Seanergy Maritime Stock Performance

NASDAQ:SHIP traded up $1.16 during mid-day trading on Tuesday, reaching $12.67. 243,872 shares of the company’s stock were exchanged, compared to its average volume of 155,177. The business’s fifty day simple moving average is $9.93 and its two-hundred day simple moving average is $9.01. Seanergy Maritime has a one year low of $4.78 and a one year high of $12.82. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.39. The firm has a market capitalization of $264.82 million, a PE ratio of 17.41 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Noble Financial reissued an “outperform” rating on shares of Seanergy Maritime in a report on Monday, February 9th. Wall Street Zen raised Seanergy Maritime from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Zacks Research raised Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Seanergy Maritime in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Institutional Trading of Seanergy Maritime

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new position in shares of Seanergy Maritime in the fourth quarter valued at approximately $243,000. Walleye Capital LLC grew its position in shares of Seanergy Maritime by 674.4% in the 4th quarter. Walleye Capital LLC now owns 294,523 shares of the shipping company’s stock worth $2,718,000 after buying an additional 256,492 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Seanergy Maritime by 235.9% during the 4th quarter. Jane Street Group LLC now owns 100,363 shares of the shipping company’s stock worth $926,000 after acquiring an additional 70,481 shares during the period. Renaissance Technologies LLC increased its stake in shares of Seanergy Maritime by 0.7% during the fourth quarter. Renaissance Technologies LLC now owns 563,500 shares of the shipping company’s stock valued at $5,201,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its stake in Seanergy Maritime by 100.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 28,404 shares of the shipping company’s stock valued at $262,000 after purchasing an additional 14,224 shares in the last quarter. Institutional investors and hedge funds own 29.36% of the company’s stock.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company’s operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.

The company’s core assets consist of a fleet of modern dry bulk carriers, spanning Capesize, Panamax and Supramax classes.