Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $14,654.25 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,503 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $9.75, for a total transaction of $14,654.25. Following the transaction, the chief financial officer owned 394,216 shares of the company’s stock, valued at $3,843,606. The trade was a 0.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The shares were sold at an average price of $9.78, for a total transaction of $57,966.06.
• On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The stock was sold at an average price of $9.76, for a total transaction of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The shares were sold at an average price of $9.79, for a total value of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total value of $554,705.76.
• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The shares were sold at an average price of $8.01, for a total value of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was sold at an average price of $8.02, for a total value of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were 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 shares were sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Stock Performance

SEACOR Marine stock traded up $0.17 during midday trading on Friday, reaching $9.82. 74,832 shares of the company’s stock were exchanged, compared to its average volume of 120,809. SEACOR Marine Holdings Inc. has a 52 week low of $5.55 and a 52 week high of $9.88. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38. The firm has a market cap of $266.44 million, a price-to-earnings ratio of -13.83 and a beta of 1.10. The stock’s 50-day simple moving average is $8.04 and its 200 day simple moving average is $7.60.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%.The company had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. On average, analysts expect that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted 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 buying an additional 1,699 shares in the last quarter. Royal Bank of Canada grew its stake 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 acquiring an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC increased its position in 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 acquiring an additional 7,406 shares during the period. Valeo Financial Advisors LLC bought a new position in SEACOR Marine during the fourth quarter worth about $60,000. Finally, Raymond James Financial Inc. raised its stake in SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.00.

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.