Seanergy Maritime (NASDAQ:SHIP) Stock Rating Lowered by StockNews.com

Seanergy Maritime (NASDAQ:SHIP) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Separately, Noble Financial upgraded Seanergy Maritime to a “strong-buy” rating in a report on Tuesday, July 23rd.

Seanergy Maritime Trading Down 3.2 %

SHIP opened at $9.14 on Wednesday. Seanergy Maritime has a 1-year low of $5.01 and a 1-year high of $13.19. The company has a market cap of $189.20 million, a P/E ratio of 3.91 and a beta of 0.65. The company has a fifty day moving average price of $10.61 and a two-hundred day moving average price of $10.64. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.

Seanergy Maritime (NASDAQ:SHIP) last announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. The business had revenue of $44.36 million during the quarter, compared to analyst estimates of $42.10 million. During the same quarter in the previous year, the business posted ($0.28) EPS. Analysts predict that Seanergy Maritime will post 2.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Seanergy Maritime

Hedge funds and other institutional investors have recently modified their holdings of the business. ORG Partners LLC bought a new stake in Seanergy Maritime during the second quarter worth $191,000. Susquehanna Fundamental Investments LLC bought a new position in Seanergy Maritime in the 2nd quarter valued at $213,000. Acadian Asset Management LLC purchased a new stake in shares of Seanergy Maritime during the 1st quarter valued at $300,000. XTX Topco Ltd raised its stake in shares of Seanergy Maritime by 99.6% during the 2nd quarter. XTX Topco Ltd now owns 38,885 shares of the shipping company’s stock worth $384,000 after purchasing an additional 19,401 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in shares of Seanergy Maritime by 82.0% in the 1st quarter. Quadrature Capital Ltd now owns 67,427 shares of the shipping company’s stock worth $586,000 after buying an additional 30,381 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

About Seanergy Maritime

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.