News stories about Seaspan Corporation (NYSE:SSW) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Seaspan Corporation earned a news impact score of 0.16 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 46.1985917790195 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Seaspan: This 7.125% ‘Baby Bond’ Started Trading On The NYSE (seekingalpha.com)
- Financial Analysis: StealthGas (GASS) and Seaspan Corporation (SSW) (americanbankingnews.com)
- Worthy Analytical Review for Seaspan Corporation (NYSE:SSW) – The Oracle Examiner (oracleexaminer.com)
- Seaspan Announces Conference Call and Webcast to Discuss Results for the Third Quarter Ended September 30, 2017 (finance.yahoo.com)
- Seaspan Corporation (SSW) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
Shares of Seaspan Corporation (NYSE SSW) traded down 1.13% during midday trading on Monday, hitting $6.99. The stock had a trading volume of 550,671 shares. Seaspan Corporation has a one year low of $5.02 and a one year high of $12.71. The firm’s 50-day moving average price is $7.13 and its 200-day moving average price is $6.64. The firm’s market capitalization is $823.68 million.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, October 20th will be issued a dividend of $0.125 per share. The ex-dividend date is Thursday, October 19th. This represents a $0.50 annualized dividend and a yield of 7.07%. Seaspan Corporation’s dividend payout ratio is presently -29.94%.
A number of analysts recently commented on SSW shares. Zacks Investment Research cut Seaspan Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub upgraded Seaspan Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Stifel Nicolaus reiterated a “hold” rating and set a $7.00 target price on shares of Seaspan Corporation in a report on Friday, July 14th. Credit Suisse Group set a $5.00 target price on Seaspan Corporation and gave the stock a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine lowered Seaspan Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.79.
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In other news, CEO Gerry Yougui Wang sold 634,762 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $7.45, for a total value of $4,728,976.90. Following the sale, the chief executive officer now directly owns 2,042,848 shares in the company, valued at $15,219,217.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
About Seaspan Corporation
Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.
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