SEASPAN Corp/SH SH (NYSE:SSW) hit a new 52-week high during trading on Tuesday . The stock traded as high as $10.47 and last traded at $9.97, with a volume of 33824 shares. The stock had previously closed at $10.07.
Several brokerages have commented on SSW. ValuEngine raised shares of SEASPAN Corp/SH SH from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of SEASPAN Corp/SH SH from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 21st. Stifel Nicolaus restated a “hold” rating on shares of SEASPAN Corp/SH SH in a research note on Thursday, March 15th. Bank of America upgraded shares of SEASPAN Corp/SH SH from an “underperform” rating to a “buy” rating in a research note on Thursday, May 3rd. Finally, Citigroup boosted their price objective on shares of SEASPAN Corp/SH SH from $7.00 to $8.50 and gave the stock a “neutral” rating in a research note on Friday, May 4th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. SEASPAN Corp/SH SH currently has an average rating of “Hold” and a consensus target price of $9.40.
Get SEASPAN Corp/SH SH alerts:The company has a market cap of $1.26 billion, a P/E ratio of 15.11, a PEG ratio of 0.62 and a beta of 0.44. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.86 and a current ratio of 0.86.
SEASPAN Corp/SH SH (NYSE:SSW) last announced its quarterly earnings results on Wednesday, May 2nd. The shipping company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.05). SEASPAN Corp/SH SH had a net margin of 23.74% and a return on equity of 6.68%. The company had revenue of $224.78 million during the quarter, compared to analyst estimates of $223.36 million. During the same quarter last year, the company posted $0.15 EPS. equities research analysts expect that SEASPAN Corp/SH SH will post 0.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 30th. Investors of record on Tuesday, July 10th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, July 9th. This represents a $0.50 dividend on an annualized basis and a yield of 5.02%. SEASPAN Corp/SH SH’s dividend payout ratio (DPR) is currently 75.76%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its position in shares of SEASPAN Corp/SH SH by 82.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 82,131 shares of the shipping company’s stock worth $555,000 after purchasing an additional 37,187 shares in the last quarter. California Public Employees Retirement System grew its position in shares of SEASPAN Corp/SH SH by 15.5% during the 4th quarter. California Public Employees Retirement System now owns 238,334 shares of the shipping company’s stock worth $1,609,000 after purchasing an additional 31,934 shares in the last quarter. First Trust Advisors LP grew its position in shares of SEASPAN Corp/SH SH by 4.2% during the 4th quarter. First Trust Advisors LP now owns 427,184 shares of the shipping company’s stock worth $2,883,000 after purchasing an additional 17,268 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of SEASPAN Corp/SH SH by 19.4% during the 4th quarter. Wells Fargo & Company MN now owns 47,289 shares of the shipping company’s stock worth $319,000 after purchasing an additional 7,690 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new position in shares of SEASPAN Corp/SH SH during the 4th quarter worth approximately $2,198,000. Institutional investors and hedge funds own 12.77% of the company’s stock.
About SEASPAN Corp/SH SH
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Central, Hong Kong.
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