Financial Review: Hermitage Offshore Services (OTCMKTS:HOFSQ) & Seanergy Maritime (NASDAQ:SHIP)

Seanergy Maritime (NASDAQ:SHIP) and Hermitage Offshore Services (OTCMKTS:HOFSQ) are both transportation companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, valuation, profitability, risk, dividends and earnings.

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Seanergy Maritime and Hermitage Offshore Services, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Seanergy Maritime	0	0	1	1	3.50
Hermitage Offshore Services	0	0	0	0	N/A

Seanergy Maritime presently has a consensus target price of $12.50, suggesting a potential upside of 15.53%. Given Seanergy Maritime’s higher possible upside, research analysts clearly believe Seanergy Maritime is more favorable than Hermitage Offshore Services.

Institutional and Insider Ownership

29.4% of Seanergy Maritime shares are owned by institutional investors. 4.7% of Seanergy Maritime shares are owned by company insiders. Comparatively, 0.3% of Hermitage Offshore Services shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares Seanergy Maritime and Hermitage Offshore Services’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Seanergy Maritime	20.12%	12.42%	6.02%
Hermitage Offshore Services	N/A	N/A	N/A

Earnings and Valuation

This table compares Seanergy Maritime and Hermitage Offshore Services”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Seanergy Maritime	$145.31 million	1.46	$2.28 million	$0.80	13.53
Hermitage Offshore Services	N/A	N/A	N/A	N/A	N/A

Seanergy Maritime has higher revenue and earnings than Hermitage Offshore Services.

Summary

Seanergy Maritime beats Hermitage Offshore Services on 9 of the 9 factors compared between the two stocks.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.

About Hermitage Offshore Services

Hermitage Offshore Services Ltd., together with its subsidiaries, engages in offshore support vessel business primarily in the North Sea and off the coast of West Africa. It owns and operates a fleet of 23 vessels comprising of ten platform supply vessels, 11 crew boats, and 2 anchor handling supply vessels. The company was formerly known Nordic American Offshore Ltd. and changed its name to Hermitage Offshore Services Ltd. in June 2019. Hermitage Offshore Services Ltd. was founded in 2013 and is based in Hamilton, Bermuda. On August 11, 2020, Hermitage Offshore Services Ltd., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.