Gordian Capital Singapore Pte Ltd Buys Shares of 36,000 Tidewater Inc. $TDW

Gordian Capital Singapore Pte Ltd bought a new position in shares of Tidewater Inc. (NYSE:TDW) in the 3rd quarter, HoldingsChannel reports. The fund bought 36,000 shares of the oil and gas company’s stock, valued at approximately $1,920,000. Tidewater makes up 2.6% of Gordian Capital Singapore Pte Ltd’s portfolio, making the stock its 9th biggest holding.

Other institutional investors have also made changes to their positions in the company. Blume Capital Management Inc. raised its stake in shares of Tidewater by 128.3% in the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 295 shares during the period. Hantz Financial Services Inc. increased its holdings in Tidewater by 401.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 413 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in Tidewater by 4,245.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 849 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Tidewater by 701.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 870 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Tidewater during the second quarter worth $47,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tidewater

In related news, EVP Daniel A. Hudson sold 5,195 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $80.56, for a total transaction of $418,509.20. Following the completion of the sale, the executive vice president owned 45,971 shares in the company, valued at $3,703,423.76. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samuel R. Rubio sold 22,461 shares of the stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the completion of the transaction, the executive vice president owned 60,066 shares in the company, valued at $4,808,283.30. This represents a 27.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 52,656 shares of company stock valued at $4,079,112 over the last ninety days. 6.60% of the stock is owned by company insiders.

Tidewater Stock Down 5.1%

TDW stock opened at $76.87 on Wednesday. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $88.99. The company’s 50 day moving average price is $66.19 and its 200 day moving average price is $58.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.90. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 11.51 and a beta of 0.57.

Tidewater (NYSE:TDW) last announced its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $3.64. The business had revenue of $336.80 million for the quarter, compared to analyst estimates of $329.39 million. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. On average, equities research analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Raymond James Financial set a $117.00 target price on Tidewater in a research report on Tuesday, March 3rd. Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Finally, Evercore cut their target price on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Tidewater currently has a consensus rating of “Hold” and an average target price of $91.00.

Tidewater Company Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.