Gregory Scott Rossmiller Sells 9,601 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $7.17, for a total value of $68,839.17. Following the transaction, the chief accounting officer directly owned 275,470 shares of the company’s stock, valued at $1,975,119.90. This trade represents a 3.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The shares were sold at an average price of $7.27, for a total transaction of $70,300.90.

SEACOR Marine Price Performance

NYSE:SMHI traded down $0.06 during mid-day trading on Tuesday, hitting $7.16. 107,604 shares of the company’s stock traded hands, compared to its average volume of 108,607. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.17. The company has a market cap of $193.61 million, a PE ratio of -6.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. The firm’s 50 day simple moving average is $7.40 and its 200 day simple moving average is $7.11.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. The business had revenue of $44.28 million for the quarter, compared to analyst estimates of $49.30 million. Sell-side analysts expect that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Clarkson Capital raised SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Monday, March 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. One research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.00.

Hedge Funds Weigh In On SEACOR Marine

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after purchasing an additional 1,699 shares during the period. Royal Bank of Canada grew 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 purchasing an additional 5,069 shares during the period. Tower Research Capital LLC TRC grew its position in shares of SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the period. Valeo Financial Advisors LLC purchased a new stake in shares of SEACOR Marine in the fourth quarter valued at $60,000. Finally, Raymond James Financial Inc. grew its position in shares of SEACOR Marine by 197.4% in the third 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. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.