SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 10,565 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 10,565 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $8.04, for a total transaction of $84,942.60. Following the completion of the transaction, the vice president directly owned 273,595 shares in the company, valued at $2,199,703.80. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SEACOR Marine Stock Performance

SMHI traded down $0.37 on Tuesday, reaching $7.65. The company had a trading volume of 159,999 shares, compared to its average volume of 119,828. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.18. The stock has a market capitalization of $207.01 million, a PE ratio of -7.02 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. The stock has a 50-day moving average price of $7.36 and a 200-day moving average price of $7.13.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Glenorchy Capital Ltd raised its holdings in shares of SEACOR Marine by 2.5% in the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after buying an additional 4,574 shares during the last quarter. Tower Research Capital LLC TRC increased its position in SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares during the period. JPMorgan Chase & Co. raised its stake in SEACOR Marine by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after acquiring an additional 29,955 shares during the last quarter. Barington Companies Management LLC purchased a new stake in SEACOR Marine during the 3rd quarter valued at approximately $162,000. Finally, BNP Paribas Financial Markets lifted its position in SEACOR Marine by 75.1% during the 3rd 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. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SMHI has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Clarkson Capital upgraded 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. Finally, Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. 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, SEACOR Marine presently 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.