Graham Capital Management L.P. Makes New $266,000 Investment in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Graham Capital Management L.P. bought a new position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 38,264 shares of the shipping company’s stock, valued at approximately $266,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SHIP. R Squared Ltd acquired a new position in Seanergy Maritime in the 4th quarter worth about $25,000. Quarry LP increased its holdings in Seanergy Maritime by 188.5% in the 4th quarter. Quarry LP now owns 8,703 shares of the shipping company’s stock worth $60,000 after purchasing an additional 5,686 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Seanergy Maritime in the 4th quarter worth about $70,000. Boothbay Fund Management LLC acquired a new position in Seanergy Maritime in the 4th quarter worth about $76,000. Finally, Aigen Investment Management LP acquired a new position in Seanergy Maritime in the 4th quarter worth about $84,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Analyst Upgrades and Downgrades

SHIP has been the subject of a number of recent research reports. StockNews.com cut Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Maxim Group decreased their price target on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, February 3rd.

Seanergy Maritime Trading Down 0.2%

Shares of SHIP stock opened at $6.14 on Friday. The stock has a market cap of $125.10 million, a price-to-earnings ratio of 2.62 and a beta of 0.20. The stock has a 50-day moving average of $6.03 and a 200-day moving average of $6.98. 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 Holdings Corp. has a 1-year low of $4.78 and a 1-year high of $13.19.

Seanergy Maritime Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.40 annualized dividend and a dividend yield of 6.51%. Seanergy Maritime’s payout ratio is 18.96%.

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.