56,000 Shares in Seanergy Maritime Holdings Corp $SHIP Purchased by Sigma Planning Corp

Sigma Planning Corp bought a new stake in Seanergy Maritime Holdings Corp (NASDAQ:SHIP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 56,000 shares of the shipping company’s stock, valued at approximately $919,000.

Several other large investors also recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in shares of Seanergy Maritime by 15.8% during the 1st quarter. Renaissance Technologies LLC now owns 652,300 shares of the shipping company’s stock worth $8,421,000 after purchasing an additional 88,800 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Seanergy Maritime by 5.8% during the 1st quarter. Bank of America Corp DE now owns 159,972 shares of the shipping company’s stock valued at $2,065,000 after purchasing an additional 8,800 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Seanergy Maritime by 26.5% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 82,557 shares of the shipping company’s stock valued at $1,066,000 after purchasing an additional 17,274 shares in the last quarter. R Squared Ltd boosted its holdings in Seanergy Maritime by 59.3% in the first quarter. R Squared Ltd now owns 29,062 shares of the shipping company’s stock worth $375,000 after purchasing an additional 10,816 shares in the last quarter. Finally, Navellier & Associates Inc. bought a new stake in Seanergy Maritime in the second quarter worth $355,000. 29.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SHIP has been the topic of several analyst reports. B. Riley Financial increased their target price on shares of Seanergy Maritime from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings raised Seanergy Maritime from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research cut Seanergy Maritime from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Seanergy Maritime currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Insider Buying and Selling at Seanergy Maritime

In other Seanergy Maritime news, insider Stavros Gyftakis sold 2,835 shares of the business’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $17.52, for a total value of $49,669.20. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christina Anagnostara sold 15,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $17.19, for a total value of $257,850.00. Following the sale, the director owned 178,239 shares in the company, valued at $3,063,928.41. The trade was a 7.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 4.70% of the company’s stock.

Seanergy Maritime Stock Up 1.1%

Shares of SHIP stock opened at $16.10 on Friday. Seanergy Maritime Holdings Corp has a 12 month low of $8.16 and a 12 month high of $19.22. The stock has a 50 day moving average of $17.26 and a 200-day moving average of $14.89. The firm has a market cap of $336.49 million, a PE ratio of 5.63 and a beta of 0.99.

Seanergy Maritime (NASDAQ:SHIP) last issued its quarterly earnings results on Thursday, July 30th. The shipping company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.27. Seanergy Maritime had a net margin of 30.68% and a return on equity of 21.87%. The firm had revenue of $55.69 million during the quarter, compared to the consensus estimate of $53.90 million. As a group, equities analysts predict that Seanergy Maritime Holdings Corp will post 3.33 EPS for the current fiscal year.

Seanergy Maritime Profile

Seanergy Maritime Holdings Corp. is a Greece-based international shipping company that owns and operates dry bulk vessels, with a primary focus on Capesize ships. These large vessels transport major dry bulk commodities, including iron ore, coal and grain, for industrial and commercial customers around the world.

The company generates revenue by chartering its vessels to global commodity producers, traders and other shipping customers. Depending on market conditions and customer requirements, its ships may operate under spot-market, voyage charter or time-charter arrangements.