StockNews.com started coverage on shares of Seanergy Maritime (NASDAQ:SHIP – Get Rating) in a research report report published on Monday morning. The firm issued a sell rating on the shipping company’s stock.
Seanergy Maritime Stock Performance
SHIP stock opened at $0.51 on Monday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.43 and a current ratio of 0.45. The stock has a market cap of $78.02 million, a P/E ratio of 1.96 and a beta of 0.50. The firm has a 50 day simple moving average of $0.49 and a 200 day simple moving average of $0.71. Seanergy Maritime has a 52 week low of $0.44 and a 52 week high of $1.35.
Institutional Trading of Seanergy Maritime
Several institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Seanergy Maritime by 34.4% during the third quarter. State Street Corp now owns 228,953 shares of the shipping company’s stock worth $114,000 after purchasing an additional 58,579 shares during the period. WMG Financial Advisors LLC boosted its holdings in shares of Seanergy Maritime by 118.0% during the third quarter. WMG Financial Advisors LLC now owns 92,372 shares of the shipping company’s stock worth $44,000 after purchasing an additional 50,000 shares during the period. Virtu Financial LLC boosted its holdings in shares of Seanergy Maritime by 376.5% during the second quarter. Virtu Financial LLC now owns 213,089 shares of the shipping company’s stock worth $174,000 after purchasing an additional 168,366 shares during the period. Cetera Advisors LLC boosted its holdings in shares of Seanergy Maritime by 138.4% during the second quarter. Cetera Advisors LLC now owns 39,185 shares of the shipping company’s stock worth $32,000 after purchasing an additional 22,750 shares during the period. Finally, Veriti Management LLC raised its position in Seanergy Maritime by 38.6% during the second quarter. Veriti Management LLC now owns 155,274 shares of the shipping company’s stock valued at $127,000 after acquiring an additional 43,220 shares in the last quarter. 2.69% of the stock is currently owned by institutional investors and hedge funds.
Seanergy Maritime Company Profile
Seanergy Maritime Holdings Corp., a shipping company, engages in the seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 17 Capesize vessels with a cargo-carrying capacity of approximately 3,011,083 deadweight tons. The company was formerly known as Seanergy Merger Corp.
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