Insider Selling: SEACOR Marine (NYSE:SMHI) VP Sells $48,675.76 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 5,113 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $9.52, for a total value of $48,675.76. Following the completion of the sale, the vice president directly owned 199,613 shares in the company, valued at approximately $1,900,315.76. The trade was a 2.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SEACOR Marine Price Performance

SMHI traded up $0.02 during trading on Tuesday, reaching $9.50. The stock had a trading volume of 113,830 shares, compared to its average volume of 134,597. 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 business has a 50-day moving average of $7.75 and a 200-day moving average of $7.44. The stock has a market cap of $257.63 million, a PE ratio of -13.37 and a beta of 1.10. SEACOR Marine Holdings Inc. has a one year low of $4.87 and a one year high of $9.70.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings results 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. The company had revenue of $54.63 million for the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%. As a group, equities research analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several large investors have recently made changes to their positions in SMHI. BNP Paribas Financial Markets grew its holdings 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 in the last quarter. Royal Bank of Canada raised its position in shares of SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in SEACOR Marine in the fourth quarter worth about $60,000. Finally, Raymond James Financial Inc. increased its stake in SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after acquiring an additional 10,000 shares during the last quarter. 59.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus 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.