SEACOR Marine (NYSE:SMHI) CAO Gregory Scott Rossmiller Sells 9,601 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $7.17, for a total value of $68,839.17. Following the completion of the sale, the chief accounting officer directly owned 275,470 shares of the company’s stock, valued at approximately $1,975,119.90. This represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The shares were sold at an average price of $7.27, for a total value of $70,300.90.

SEACOR Marine Trading Down 0.8%

Shares of NYSE:SMHI traded down $0.06 during midday trading on Tuesday, reaching $7.16. The company’s stock had a trading volume of 107,604 shares, compared to its average volume of 108,607. The firm has a market cap of $193.61 million, a price-to-earnings ratio of -6.56 and a beta of 1.10. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.17. The business has a 50 day moving average price of $7.40 and a 200 day moving average price of $7.11.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.31. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The business had revenue of $44.28 million during the quarter, compared to the consensus estimate of $49.30 million. Research analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Institutional Trading of SEACOR Marine

A number of institutional investors and hedge funds have recently modified their holdings of SMHI. JPMorgan Chase & Co. boosted its holdings in shares of SEACOR Marine by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after buying an additional 29,955 shares during the period. GSA Capital Partners LLP raised its holdings in SEACOR Marine by 160.3% in the 3rd quarter. GSA Capital Partners LLP now owns 46,215 shares of the company’s stock worth $300,000 after acquiring an additional 28,458 shares during the period. Barington Companies Management LLC acquired a new position in SEACOR Marine during the 3rd quarter worth $162,000. Hilltop Holdings Inc. bought a new stake in SEACOR Marine during the first quarter valued at about $147,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock valued at $1,327,000 after acquiring an additional 13,000 shares during the period. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SMHI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

About SEACOR Marine

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.