Seanergy Maritime: Not That Bad, But Not Attractive Enough For A Buy [Seeking Alpha]
Seanergy Maritime Holdings Corp (SHIP)
Last seanergy maritime holdings corp earnings: 2/13 08:00 am
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US:NASDAQ Investor Relations:
seanergymaritime.com/en
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Source: Seeking Alpha
Play 11min Summary Seanergy Maritime reported strong 2Q24 results with a 55% YoY revenue increase. Rising revenues combined with relatively stable expenses resulted in 259% operating income growth. SHIP's fleet consists of 17 Capesize and 1 Newcastlemax vessels, with an average age of 13.4 years; half have scrubbers installed. Financially, SHIP is in a good position. Its operating income covers interest expenses. SHIP neither offers truly attractive dividends like Star Bulk nor comes with a top-spec fleet like Himalaya Shipping. A massive discount to NAV is not enough to give a Buy rating. CloudVisual Note: I previously covered Seanergy Maritime ( NASDAQ: SHIP ) in January. In the note, I emphasized the company's weaknesses and strengths. SHIP owns a Capesize-only fleet and has an adequate balance sheet but has distributed dividends with mediocre yields. At that time, SHIP traded at a 46% discount to NAV. I gave Seanergy a Hold rating. Today, I discuss SHIP 2Q24 res
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News
- Seanergy Maritime Holdings Corp (SHIP) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Seanergy Maritime Holdings Corp.'s (NASDAQ:SHIP) largest shareholders are individual investors with 51% ownership, insiders own 29% [Yahoo! Finance]Yahoo! Finance
- Seanergy Maritime Holdings Corp (SHIP) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) had its price target lowered by analysts at Maxim Group from $17.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
SHIP
Earnings
- 11/5/24 - Beat
SHIP
Analyst Actions
- 2/3/25 - Maxim Group
SHIP
Sec Filings
- 1/29/25 - Form 6-K
- 1/8/25 - Form SCHEDULE
- 12/4/24 - Form 144
- SHIP's page on the SEC website