SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 13,054 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 13,054 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.79, for a total transaction of $127,798.66. Following the transaction, the chief financial officer directly owned 398,559 shares in the company, valued at approximately $3,901,892.61. This represents a 3.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The shares were sold at an average price of $9.12, for a total value of $554,705.76.
• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The stock was sold at an average price of $8.01, for a total value of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total value of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The stock was sold at an average price of $8.03, for a total value of $116,121.83.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was sold at an average price of $7.98, for a total value of $95,464.74.
• 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 value of $111,559.36.

SEACOR Marine Trading Up 0.4%

Shares of NYSE:SMHI traded up $0.04 during trading on Tuesday, reaching $9.73. 134,476 shares of the company traded hands, compared to its average volume of 121,527. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. SEACOR Marine Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $9.88. The firm has a market capitalization of $264.00 million, a price-to-earnings ratio of -13.71 and a beta of 1.10. The business’s fifty day moving average is $7.91 and its 200-day moving average is $7.53.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its holdings in SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after buying an additional 7,406 shares during the period. Valeo Financial Advisors LLC purchased a new position in shares of SEACOR Marine during the fourth quarter valued at about $60,000. Finally, Raymond James Financial Inc. raised its stake in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after buying an additional 10,000 shares in the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.