Seanergy Maritime (NASDAQ:SHIP) Given New $22.00 Price Target at B. Riley Financial

29 May 2026, 14:13 by Doug Wharley · The Cerbat Gem

Seanergy Maritime (NASDAQ:SHIP – Get Free Report) had its price target upped by equities research analysts at B. Riley Financial from $17.00 to $22.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the shipping company’s stock. B. Riley Financial’s price target would suggest a potential upside of 42.58% from the company’s current price.

Several other brokerages also recently commented on SHIP. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Seanergy Maritime in a report on Friday, March 27th. Zacks Research raised Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 11th. Noble Financial reaffirmed an “outperform” rating on shares of Seanergy Maritime in a research report on Monday, February 9th. Finally, Wall Street Zen raised Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $22.00.

Check Out Our Latest Research Report on SHIP

Seanergy Maritime Stock Performance

SHIP stock traded up $1.28 during trading on Friday, reaching $15.43. 204,711 shares of the company’s stock were exchanged, compared to its average volume of 247,128. The company has a quick ratio of 0.83, a current ratio of 0.85 and a debt-to-equity ratio of 0.84. Seanergy Maritime has a 1-year low of $6.10 and a 1-year high of $16.81. The company’s fifty day moving average price is $14.46 and its 200-day moving average price is $12.06. The firm has a market cap of $322.52 million, a PE ratio of 15.43 and a beta of 0.94.

Seanergy Maritime (NASDAQ:SHIP – Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The shipping company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.24. The business had revenue of $42.85 million during the quarter, compared to analyst estimates of $42.15 million. Seanergy Maritime had a return on equity of 8.35% and a net margin of 13.08%. On average, research analysts expect that Seanergy Maritime will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Stavros Gyftakis sold 3,570 shares of Seanergy Maritime stock in a transaction on Monday, April 6th. The stock was sold at an average price of $13.95, for a total value of $49,801.50. Following the completion of the sale, the insider directly owned 236,295 shares of the company’s stock, valued at approximately $3,296,315.25. This trade represents a 1.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SHIP. Walleye Capital LLC boosted its position in shares of Seanergy Maritime by 674.4% in the 4th quarter. Walleye Capital LLC now owns 294,523 shares of the shipping company’s stock worth $2,718,000 after purchasing an additional 256,492 shares during the last quarter. Millennium Management LLC lifted its holdings in Seanergy Maritime by 400.8% during the fourth quarter. Millennium Management LLC now owns 293,220 shares of the shipping company’s stock worth $2,706,000 after acquiring an additional 234,672 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Seanergy Maritime by 15.8% during the first quarter. Renaissance Technologies LLC now owns 652,300 shares of the shipping company’s stock worth $8,421,000 after acquiring an additional 88,800 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Seanergy Maritime by 512.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 86,566 shares of the shipping company’s stock worth $546,000 after acquiring an additional 72,423 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Seanergy Maritime by 235.9% during the fourth quarter. Jane Street Group LLC now owns 100,363 shares of the shipping company’s stock worth $926,000 after acquiring an additional 70,481 shares in the last quarter. 29.36% of the stock is currently owned by institutional investors.

Seanergy Maritime News Summary

Here are the key news stories impacting Seanergy Maritime this week:

Positive Sentiment: Seanergy Maritime reported first-quarter 2026 EPS of $0.63, easily topping estimates of $0.39, while revenue of $42.85 million also came in above expectations. Article Title
Positive Sentiment: The company declared a $0.20 per share quarterly dividend, marking its 18th consecutive distribution and reinforcing shareholder-return appeal. Article Title
Positive Sentiment: Analyst coverage highlighted Seanergy as a value play, with momentum supported by fleet expansion, a younger vessel profile, and steady dividends. Article Title
Neutral Sentiment: Management discussed first-quarter results and operating trends on the earnings call, but the transcript itself does not add a new catalyst beyond the reported beat and dividend. Article Title
Neutral Sentiment: Media commentary on SHIP’s share price and valuation suggests investors are rechecking whether the recent rally is justified after the earnings release. Article Title
Negative Sentiment: One report noted short-interest data anomalies, which do not appear to signal a meaningful change in sentiment but may reflect lingering volatility in the name.

Seanergy Maritime Company Profile

(Get Free Report)

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company’s operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.