Insider Selling: SEACOR Marine (NYSE:SMHI) CAO Sells $254,107.56 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 27,741 shares of the firm’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $9.16, for a total value of $254,107.56. Following the transaction, the chief accounting officer owned 244,506 shares in the company, valued at $2,239,674.96. This represents a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The shares were sold at an average price of $7.17, for a total value of $68,839.17.
• 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 value of $70,300.90.

SEACOR Marine Price Performance

SMHI stock opened at $9.43 on Monday. The company has a market capitalization of $255.73 million, a P/E ratio of -13.27 and a beta of 1.10. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $9.61. The business has a 50 day simple moving average of $7.66 and a 200-day simple moving average of $7.39. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. The business had revenue of $54.63 million for the quarter, compared to analyst estimates 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, equities analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

Institutional Trading of SEACOR Marine

A number of hedge funds have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets grew its stake in shares of SEACOR Marine by 75.1% in the 3rd 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 last quarter. Royal Bank of Canada raised its stake in shares of SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares during the last quarter. Tower Research Capital LLC TRC lifted 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. Valeo Financial Advisors LLC acquired a new stake in shares of SEACOR Marine during the fourth quarter worth $60,000. Finally, Raymond James Financial Inc. grew its position 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 buying an additional 10,000 shares during the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Friday, July 17th. One 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.00.

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.