Jesus Llorca Sells 3,207 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 3,207 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $9.85, for a total value of $31,588.95. Following the sale, the chief financial officer owned 385,082 shares of the company’s stock, valued at approximately $3,793,057.70. This trade represents a 0.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The shares were sold at an average price of $9.78, for a total value of $57,966.06.
• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total value of $14,654.25.
• On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The stock was sold at an average price of $9.76, for a total value of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The shares were sold at an average price of $9.79, for a total value of $127,798.66.
• 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 stock was sold at an average price of $9.12, for a total transaction 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 transaction of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was sold at an average price of $8.02, for a total transaction of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were sold at an average price of $8.03, for a total transaction 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 transaction of $95,464.74.

SEACOR Marine Stock Performance

SEACOR Marine stock traded down $0.07 on Wednesday, reaching $9.79. 79,294 shares of the stock were exchanged, compared to its average volume of 120,118. 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 twelve month low of $5.55 and a twelve month high of $9.96. The firm has a fifty day moving average price of $8.24 and a two-hundred day moving average price of $7.69. The stock has a market cap of $265.68 million, a PE ratio of -13.79 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of SEACOR Marine

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in SEACOR Marine by 16.9% in the 2nd quarter. Wellington Management Group LLP now owns 22,297 shares of the company’s stock valued at $171,000 after purchasing an additional 3,223 shares during the period. Empowered Funds LLC acquired a new position in shares of SEACOR Marine during the second quarter valued at about $162,000. Bank of America Corp DE bought a new stake in shares of SEACOR Marine in the second quarter valued at about $382,000. Flat Footed LLC acquired a new stake in SEACOR Marine during the second quarter worth about $5,230,895,000. Finally, Robotti Robert bought a new position in SEACOR Marine during the second quarter valued at about $5,456,000. 59.05% of the stock is owned by institutional investors.

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.