According to Zacks, “Seaspan owns containerships and charters them pursuant to long-term fixed-rate charters. “
Seaspan Corp. (NYSE:SSW) last announced its earnings results on Monday, July 25th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $224.31 million for the quarter, compared to analyst estimates of $217.74 million. Seaspan Corp. had a return on equity of 10.41% and a net margin of 16.10%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS.
Several institutional investors have recently bought and sold shares of SSW. HighTower Advisors LLC purchased a new position in Seaspan Corp. during the second quarter worth about $140,000. First Allied Advisory Services Inc. boosted its position in 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. Stifel Financial Corp purchased a new position in Seaspan Corp. during the second quarter worth about $167,000. Investors Asset Management of Georgia Inc. GA ADV boosted its position in Seaspan Corp. by 9.0% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 12,077 shares of the company’s stock worth $169,000 after buying an additional 1,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Seaspan Corp. during the second quarter worth about $178,000. Hedge funds and other institutional investors own 11.87% of the company’s stock.
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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