Seanergy Maritime Holdings Corp.
SHIP · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $13.95 — last insider sale, 2026-04-06 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
C61Capesize-focused drybulk operator with decent margins but weak liquidity and a cyclically down year.
Strengths
- Solid operating (27%) and net (13%) margins with positive FCF
- Modern Capesize/Newcastlemax fleet exposure to iron-ore trade
Risks
- Weak liquidity (current and quick ratios ~0.85, 9th pct) and net income down 51%
- Related-party conflicts with United Maritime and reliance on index-linked charters
Notable findings
- Weak liquidityCurrent ratio 0.85 (<1)
- China exposure• Increased inspection procedures, tighter import and export controls and new security regulations could increase costs and disrupt our business
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
27.4%
Net margin
13.4%
Return on equity
7.5%
Return on assets
3.5%
ROIC
6.6%
Revenue growth (QoQ)
11.1%
Net-income growth
-51.1%
Debt / equity
0.8×
Current ratio
0.9×
Free cash flow
$17M
Tangible book value
$281M
Cash & investments
$48M
Stock comp / revenue
2.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-04-06 | Gyftakis Stavros | Sell | 3.6K | $13.95 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-03-31 | 2025-12-31 | 0001140361-26-012374 ↗ |
| 20-F | 2025-03-21 | 2024-12-31 | 0001140361-25-009905 ↗ |
| 20-F | 2024-04-03 | 2023-12-31 | 0001140361-24-017470 ↗ |
| 20-F | 2023-03-31 | 2022-12-31 | 0001140361-23-015463 ↗ |
| 20-F | 2022-03-31 | 2021-12-31 | 0001140361-22-012362 ↗ |
| 20-F | 2021-03-31 | 2020-12-31 | 0001140361-21-011092 ↗ |
| 20-F | 2020-03-05 | 2019-12-31 | 0001140361-20-004944 ↗ |
| 20-F | 2019-03-25 | 2018-12-31 | 0000919574-19-002573 ↗ |
| 20-F | 2018-03-07 | 2017-12-31 | 0000919574-18-002297 ↗ |
| 20-F | 2017-04-28 | 2016-12-31 | 0000919574-17-003666 ↗ |
| 20-F | 2016-04-20 | 2015-12-31 | 0000919574-16-012546 ↗ |
| 20-F | 2015-04-21 | 2014-12-31 | 0000919574-15-003691 ↗ |