SEACOR Marine (NYSE:SMHI) CFO Sells 11,963 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 11,963 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $7.98, for a total transaction of $95,464.74. Following the transaction, the chief financial officer directly owned 511,867 shares of the company’s stock, valued at $4,084,698.66. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jesus Llorca also recently made the following trade(s):

• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The shares were sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Stock Down 8.1%

Shares of SEACOR Marine stock traded down $0.64 during midday trading on Wednesday, hitting $7.22. The company had a trading volume of 269,046 shares, compared to its average volume of 114,856. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. The stock has a market capitalization of $195.51 million, a P/E ratio of -6.63 and a beta of 1.10. The company has a 50 day moving average of $7.36 and a 200 day moving average of $7.12. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $8.17.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share (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 analysts’ expectations of $49.30 million. On average, equities analysts predict that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several institutional investors have recently modified their holdings of the business. Glenorchy Capital Ltd increased its holdings in SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after buying an additional 4,574 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of SEACOR Marine by 12.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 110,479 shares of the company’s stock valued at $665,000 after acquiring an additional 12,041 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of SEACOR Marine by 55.4% during the 4th quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock valued at $147,000 after acquiring an additional 8,733 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after acquiring an additional 1,699 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after acquiring an additional 5,069 shares during the period. 59.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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