SEACOR Marine (NYSE:SMHI) CFO Sells $95,464.74 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 11,963 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $7.98, for a total transaction of $95,464.74. Following the completion of the transaction, the chief financial officer owned 511,867 shares in the company, valued at $4,084,698.66. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Down 8.1%

Shares of NYSE SMHI traded down $0.64 during trading hours on Wednesday, hitting $7.22. The company’s stock had a trading volume of 269,046 shares, compared to its average volume of 114,856. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $8.17. The stock has a market cap of $195.51 million, a price-to-earnings ratio of -6.63 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 business has a 50-day simple moving average of $7.36 and a 200-day simple moving average of $7.12.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On SEACOR Marine

Several hedge funds have recently made changes to their positions in SMHI. BNP Paribas Financial Markets grew its stake in SEACOR Marine by 75.1% in 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. Renaissance Technologies LLC boosted its holdings in shares of SEACOR Marine by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after buying an additional 2,100 shares in the last quarter. Oppenheimer & Close LLC boosted its holdings in shares of SEACOR Marine by 0.5% during the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after buying an additional 2,911 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of 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 buying an additional 3,937 shares during the period. Finally, Glenorchy Capital Ltd increased its stake in shares of SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors.

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.