Navellier & Associates Inc. Decreases Stake in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP)

Navellier & Associates Inc. decreased its position in Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) by 63.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,001 shares of the shipping company’s stock after selling 92,893 shares during the period. Navellier & Associates Inc.’s holdings in Seanergy Maritime were worth $375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Seanergy Maritime during the 4th quarter worth approximately $25,000. Trueblood Wealth Management LLC purchased a new stake in shares of Seanergy Maritime during the 4th quarter worth approximately $97,000. MML Investors Services LLC purchased a new stake in shares of Seanergy Maritime during the 3rd quarter worth approximately $383,000. XTX Topco Ltd increased its stake in shares of Seanergy Maritime by 3.7% during the 3rd quarter. XTX Topco Ltd now owns 40,332 shares of the shipping company’s stock worth $501,000 after purchasing an additional 1,447 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Seanergy Maritime by 77.9% during the 3rd quarter. Quarry LP now owns 3,017 shares of the shipping company’s stock worth $37,000 after purchasing an additional 1,321 shares during the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SHIP. StockNews.com lowered shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group decreased their price target on shares of 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 Stock Down 4.5 %

Seanergy Maritime stock opened at $7.01 on Monday. Seanergy Maritime Holdings Corp. has a 1-year low of $6.55 and a 1-year high of $13.19. The firm has a market capitalization of $145.11 million, a price-to-earnings ratio of 3.00 and a beta of 0.63. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The firm has a 50 day simple moving average of $6.98 and a 200 day simple moving average of $8.97.

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.