Seanergy Maritime Holdings Corp (SHIP) To Go Ex-Dividend on December 24th

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Thursday, December 24th will be given a dividend of $0.40 per share by the shipping company on Friday, January 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Thursday, December 24th. This is a 14.3% increase from Seanergy Maritime’s previous quarterly dividend of $0.35.

Seanergy Maritime has a dividend payout ratio of 51.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Seanergy Maritime to earn $1.54 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 90.9%.

Seanergy Maritime Trading Up 1.0%

Shares of NASDAQ SHIP opened at $15.58 on Friday. Seanergy Maritime has a one year low of $8.95 and a one year high of $19.22. The firm has a market capitalization of $325.65 million, a price-to-earnings ratio of 5.45 and a beta of 1.15. The business has a fifty day simple moving average of $16.68 and a 200 day simple moving average of $15.15.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings results on Thursday, November 12th. The shipping company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.32. The firm had revenue of $57.45 million during the quarter, compared to analyst estimates of $54.58 million. Seanergy Maritime had a net margin of 30.68% and a return on equity of 21.87%. On average, research analysts anticipate that Seanergy Maritime will post 3.33 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Stavros Gyftakis sold 2,835 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $17.52, for a total value of $49,669.20. Following the sale, the insider directly owned 230,340 shares in the company, valued at $4,035,556.80. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 4.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Seanergy Maritime

A number of hedge funds and other institutional investors have recently bought and sold shares of SHIP. HighTower Advisors LLC acquired a new position in shares of Seanergy Maritime during the 3rd quarter worth about $258,000. Russell Investments Group Ltd. raised its holdings in Seanergy Maritime by 165,213.3% during the third quarter. Russell Investments Group Ltd. now owns 49,594 shares of the shipping company’s stock worth $815,000 after acquiring an additional 49,564 shares in the last quarter. State of Wyoming bought a new stake in Seanergy Maritime during the third quarter worth about $84,000. Sigma Planning Corp acquired a new position in Seanergy Maritime during the third quarter valued at approximately $919,000. Finally, Vision Financial Markets LLC acquired a new position in Seanergy Maritime during the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp. is an international shipping company focused on the seaborne transportation of dry bulk commodities. It owns and operates a fleet of dry bulk vessels, primarily Capesize ships designed to carry large cargoes over long distances. The company’s vessels transport commodities such as iron ore, coal and grain for customers involved in global trade. Seanergy serves international shipping routes connecting commodity producers with markets around the world. Seanergy is incorporated in the Marshall Islands and has its executive offices in Athens, Greece.