Jesus Llorca Sells 1,649 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,649 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $8.02, for a total value of $13,224.98. Following the completion of the sale, the chief financial officer owned 495,757 shares in the company, valued at approximately $3,975,971.14. The trade was a 0.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were sold at an average price of $7.98, for a total transaction of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Up 1.2%

SMHI stock opened at $7.74 on Thursday. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $8.18. The firm’s 50-day moving average is $7.37 and its 200 day moving average is $7.14. The company has a market capitalization of $209.44 million, a PE ratio of -7.10 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.31. The business had revenue of $44.28 million for 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%. On average, research analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, March 16th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.00.

Institutional Trading of SEACOR Marine

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of 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 acquiring an additional 29,955 shares in the last quarter. Hilltop Holdings Inc. bought a new stake in SEACOR Marine during the first quarter valued at about $147,000. Geode Capital Management LLC boosted its position in SEACOR Marine by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock valued at $2,925,000 after purchasing an additional 5,117 shares in the last quarter. Barclays PLC grew its stake in SEACOR Marine by 9.5% in the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after purchasing an additional 5,060 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. Institutional investors own 59.05% of the company’s stock.

SEACOR Marine Company Profile

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.