Centiva Capital LP Decreases Holdings in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Centiva Capital LP trimmed its stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 37.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,776 shares of the shipping company’s stock after selling 9,534 shares during the period. Centiva Capital LP owned approximately 0.08% of Seanergy Maritime worth $196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new stake in shares of Seanergy Maritime in the third quarter worth approximately $179,000. PDT Partners LLC purchased a new stake in shares of Seanergy Maritime in the third quarter valued at approximately $194,000. XTX Topco Ltd raised its position in Seanergy Maritime by 99.6% during the 2nd quarter. XTX Topco Ltd now owns 38,885 shares of the shipping company’s stock valued at $384,000 after purchasing an additional 19,401 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Seanergy Maritime in the 2nd quarter valued at $213,000. Finally, Walleye Capital LLC grew its stake in Seanergy Maritime by 8.4% in the third quarter. Walleye Capital LLC now owns 480,336 shares of the shipping company’s stock valued at $5,966,000 after purchasing an additional 37,288 shares during the last quarter. 29.36% of the stock is owned by hedge funds and other institutional investors.

Seanergy Maritime Price Performance

Shares of NASDAQ SHIP opened at $7.32 on Friday. The firm’s 50 day simple moving average is $9.25 and its 200-day simple moving average is $10.23. Seanergy Maritime Holdings Corp. has a 12 month low of $6.80 and a 12 month high of $13.19. The stock has a market capitalization of $151.52 million, a price-to-earnings ratio of 3.13 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $44.36 million during the quarter, compared to analysts’ expectations of $42.10 million. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. During the same quarter in the prior year, the firm posted ($0.28) EPS. Analysts expect that Seanergy Maritime Holdings Corp. will post 2.1 EPS for the current year.

Seanergy Maritime Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 14.21%. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Friday, December 27th. Seanergy Maritime’s payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 13th.

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.