SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 5,113 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 5,113 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $9.52, for a total value of $48,675.76. Following the transaction, the vice president directly owned 199,613 shares in the company, valued at approximately $1,900,315.76. This trade represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

SEACOR Marine Trading Up 0.2%

Shares of SEACOR Marine stock opened at $9.50 on Wednesday. The stock has a market capitalization of $257.63 million, a PE ratio of -13.37 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 52 week low of $4.87 and a 52 week high of $9.70. The stock has a 50 day moving average price of $7.75 and a two-hundred day moving average price of $7.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%.The company had revenue of $54.63 million for the quarter, compared to analyst estimates of $45.60 million. As a group, equities analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, SEACOR Marine currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On SEACOR Marine

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in SEACOR Marine by 21.2% in 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. Hilltop Holdings Inc. bought a new position in SEACOR Marine during the first quarter valued at approximately $147,000. Oppenheimer & Co. Inc. raised its stake in shares of SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock worth $1,327,000 after acquiring an additional 13,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of SEACOR Marine by 12.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 110,479 shares of the company’s stock worth $665,000 after acquiring an additional 12,041 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of SEACOR Marine in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.