Seaspan Corp. (NYSE:SSW) announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Thursday, October 20th will be given a dividend of 0.375 per share on Monday, October 31st. This represents a $1.50 annualized dividend and a dividend yield of 11.26%. The ex-dividend date is Tuesday, October 18th.
Shares of Seaspan Corp. (NYSE:SSW) opened at 13.32 on Monday. The stock has a 50 day moving average of $13.67 and a 200 day moving average of $15.17. Seaspan Corp. has a 52-week low of $13.08 and a 52-week high of $20.00. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.38 and a beta of 1.29.
Seaspan Corp. (NYSE:SSW) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. Seaspan Corp. had a net margin of 16.10% and a return on equity of 10.41%. The firm had revenue of $224.31 million for the quarter, compared to the consensus estimate of $217.74 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. On average, analysts predict that Seaspan Corp. will post $1.22 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in shares of Seaspan Corp. during the second quarter worth $140,000. First Allied Advisory Services Inc. boosted its stake in shares of Seaspan Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 10,456 shares of the company’s stock worth $145,000 after buying an additional 79 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Seaspan Corp. during the second quarter worth $193,000. Parametric Portfolio Associates LLC boosted its stake in shares of Seaspan Corp. by 1.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,567 shares of the company’s stock worth $203,000 after buying an additional 206 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Seaspan Corp. by 7.0% in the second quarter. Janney Montgomery Scott LLC now owns 15,359 shares of the company’s stock worth $243,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 11.87% of the company’s stock.
A number of research analysts recently commented on SSW shares. Clarkson Capital reaffirmed a “neutral” rating on shares of Seaspan Corp. in a research report on Friday, September 23rd. Zacks Investment Research raised shares of Seaspan Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Seaspan Corp. currently has a consensus rating of “Hold” and an average price target of $16.00.
About Seaspan Corp.
Seaspan Corporation is an independent charter owner and manager of containerships. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It operates a fleet of approximately 90 containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, CSCL Manzanillo and Guayaquil Bridge.
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