B. Riley Decreases Earnings Estimates for Seanergy Maritime

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) – Equities researchers at B. Riley reduced their FY2025 EPS estimates for 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 prior forecast of $1.53. The consensus estimate for Seanergy Maritime’s current full-year earnings is $2.10 per share.

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

Seanergy Maritime Stock Up 1.0 %

SHIP opened at $7.02 on Thursday. Seanergy Maritime has a 52 week low of $6.55 and a 52 week high of $13.19. The business has a 50 day moving average price of $7.25 and a two-hundred day moving average price of $9.25. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The company has a market cap of $145.31 million, a PE ratio of 3.00 and a beta of 0.65.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. The company had revenue of $44.36 million for the quarter, compared to analyst estimates of $42.10 million. During the same period in the previous year, the business posted ($0.28) earnings per share.

Institutional Investors Weigh In On Seanergy Maritime

A number of hedge funds have recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Seanergy Maritime during the 4th quarter worth approximately $25,000. Quarry LP raised its position in Seanergy Maritime by 77.9% in the third 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. Trueblood Wealth Management LLC acquired a new stake in Seanergy Maritime in the fourth quarter valued at $97,000. D.A. Davidson & CO. purchased a new stake in shares of Seanergy Maritime during the 3rd quarter worth $179,000. Finally, PDT Partners LLC purchased a new stake in shares of Seanergy Maritime during the 3rd quarter worth $194,000. Institutional investors and hedge funds own 29.36% of the company’s stock.

Seanergy Maritime Company Profile

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.