Insider Selling: SEACOR Marine (NYSE:SMHI) VP Sells $75,668.70 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 9,435 shares of SEACOR Marine stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $8.02, for a total value of $75,668.70. Following the sale, the vice president directly owned 284,160 shares in the company, valued at $2,278,963.20. The trade was a 3.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

SEACOR Marine Stock Performance

Shares of NYSE SMHI opened at $7.62 on Friday. The firm has a market capitalization of $206.31 million, a price-to-earnings ratio of -6.99 and a beta of 1.10. SEACOR Marine Holdings Inc. has a one year low of $4.70 and a one year high of $8.17. The business has a fifty day simple moving average of $7.35 and a 200 day simple moving average of $7.13. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.31. The firm 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%. Sell-side analysts expect that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its position in shares of SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of SEACOR Marine by 1.8% in the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after purchasing an additional 2,100 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in shares of SEACOR Marine in the first quarter valued at approximately $147,000. Bank of New York Mellon Corp raised its position in SEACOR Marine by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after purchasing an additional 3,937 shares during the last quarter. Finally, Barclays PLC raised its position in SEACOR Marine by 9.5% in the 4th quarter. Barclays PLC now owns 58,185 shares of the company’s stock worth $350,000 after purchasing an additional 5,060 shares during the last quarter. 59.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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