Seanergy Maritime Holdings Corp. (NASDAQ:SHIP – Free Report) announced Q3 2024 earnings estimates by Noble Financial on October 15. Analyst M. Reichman expects earnings of $0.52 per share, with a “Strong-Buy” rating. The consensus for the full year is $2.10 per share, with estimates of $0.57 for Q4 and $2.27 for FY2024.
StockNews.com also downgraded Seanergy from “strong-buy” to “buy” on August 13.
Check Out Our Latest Report on Seanergy Maritime
Stock Performance
Seanergy shares opened at $10.65. Market cap is $220.46 million, with a PE ratio of 7.34 and a beta of 0.65. The 52-week range is $4.87 to $13.19. The 50-day moving average is $11.08.
On August 6, Seanergy reported $0.68 EPS, beating the estimate of $0.54, with $43.13 million in revenue versus a $40.69 million expectation.
Institutional Investment
Hedge funds increased their stakes in SHIP. ORG Partners LLC added a position worth $191,000, while Susquehanna invested $213,000. XTX Topco Ltd increased its stake by 99.6% in Q2. Institutional ownership stands at 29.36%.
Dividend Increase
Seanergy announced a quarterly dividend of $0.25 per share, paid on October 10, up from $0.03. The dividend reflects a $1.00 annualized yield of 9.39% with a payout ratio of 68.97%.
About Seanergy Maritime
(Get Free Report) Seanergy Maritime operates a fleet of 16 Capesize and 1 Newcastlemax vessel, transporting dry bulk commodities globally.
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