SEACOR Marine (NYSE:SMHI) Shares Climb 5.4% – Still a Buy?

SEACOR Marine Holdings Inc. (NYSE:SMHI)’s share price shot up 5.4% during trading on Monday. The company traded as high as $8.72 and last traded at $8.7130. Approximately 86,135 shares were traded during trading, a decline of 5% from the average daily volume of 90,384 shares. The stock had previously closed at $8.27.

Wall Street Analysts Forecast Growth

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

SEACOR Marine Stock Down 0.4%

The stock’s fifty day moving average is $9.33 and its two-hundred day moving average is $8.14. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The firm has a market cap of $226.40 million, a P/E ratio of -11.68 and a beta of 1.16.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($1.24) by $1.36. The firm had revenue of $54.63 million during the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. As a group, research analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.

Insider Buying and Selling

In other SEACOR Marine news, CFO Jesús Llorca sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total value of $40,000.00. Following the sale, the chief financial officer owned 382,981 shares of the company’s stock, valued at $3,829,810. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Andrew H. Everett II sold 4,116 shares of SEACOR Marine stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total value of $41,160.00. Following the sale, the vice president owned 194,279 shares of the company’s stock, valued at approximately $1,942,790. This trade represents a 2.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 194,909 shares of company stock worth $1,808,687. Corporate insiders own 16.80% of the company’s stock.

Institutional Investors Weigh In On SEACOR Marine

Several hedge funds have recently bought and sold shares of SMHI. BlackRock Inc. bought a new position in shares of SEACOR Marine in the second quarter worth approximately $12,188,000. Robotti Robert purchased a new position in shares of SEACOR Marine in the second quarter valued at about $5,456,000. Flat Footed LLC bought a new position in shares of SEACOR Marine during the second quarter valued at about $5,230,895. Bank of New York Mellon Corp purchased a new stake in SEACOR Marine in the 2nd quarter worth approximately $402,000. Finally, Bank of America Corp DE bought a new stake in shares of SEACOR Marine in the 2nd quarter worth approximately $382,000. 59.05% of the stock is currently owned by institutional investors.

About SEACOR Marine

SEACOR Marine Holdings Inc (NYSE: SMHI) provides marine transportation and support services to customers operating in offshore energy and other marine industries. Its services support offshore oil and natural gas exploration and production, offshore wind farm construction and maintenance, and related maritime activities.

The company operates a fleet of offshore support vessels, including platform supply vessels, fast support vessels, crew transport vessels, anchor-handling tug supply vessels and other specialized craft.