B. Riley Equities Analysts Cut Earnings Estimates for SHIP

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Equities research analysts at B. Riley reduced their FY2025 earnings per share (EPS) estimates for shares of Seanergy Maritime in a research report issued on Tuesday, January 28th. B. Riley analyst L. Burke now forecasts that the shipping company will post earnings of $0.38 per share for the year, down from their previous forecast of $1.53. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.01 per share.

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

Seanergy Maritime Stock Performance

SHIP opened at $6.93 on Thursday. The firm has a fifty day moving average price of $7.23 and a 200 day moving average price of $9.23. Seanergy Maritime has a 1 year low of $6.55 and a 1 year high of $13.19. The stock has a market cap of $143.45 million, a P/E ratio of 2.96 and a beta of 0.65. 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 announced its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. The company had revenue of $44.36 million during the quarter, compared to the consensus estimate of $42.10 million. Seanergy Maritime had a return on equity of 19.01% and a net margin of 28.37%. During the same period in the previous year, the company posted ($0.28) earnings per share.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Quarry LP increased its holdings in Seanergy Maritime by 77.9% in the 3rd quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock worth $37,000 after acquiring an additional 1,321 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Seanergy Maritime in the fourth quarter valued at about $25,000. Trueblood Wealth Management LLC purchased a new stake in shares of Seanergy Maritime during the fourth quarter worth about $97,000. D.A. Davidson & CO. acquired a new position in shares of Seanergy Maritime during the 3rd quarter worth about $179,000. Finally, PDT Partners LLC purchased a new position in Seanergy Maritime in the 3rd quarter valued at about $194,000. 29.36% of the stock is owned by institutional investors and hedge funds.

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.