Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells 1,649 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,649 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $8.02, for a total transaction of $13,224.98. Following the completion of the sale, the chief financial officer owned 495,757 shares of the company’s stock, valued at $3,975,971.14. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 stock was sold at an average price of $7.98, for a total value of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Stock Performance

SEACOR Marine stock traded down $0.37 during mid-day trading on Tuesday, hitting $7.65. 159,999 shares of the company’s stock traded hands, compared to its average volume of 119,828. SEACOR Marine Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.18. The stock has a market cap of $207.01 million, a price-to-earnings ratio of -7.02 and a beta of 1.10. The firm has a 50 day simple moving average of $7.36 and a two-hundred day simple moving average of $7.13. 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 quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.31. The company had revenue of $44.28 million for the quarter, compared to analyst estimates 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 expect that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SMHI shares. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, March 16th. 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of SEACOR Marine

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. boosted its holdings in SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after purchasing an additional 10,000 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares during the period. Royal Bank of Canada raised its position in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of SEACOR Marine by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock valued at $383,000 after buying an additional 3,937 shares in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

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.