Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $40,000.00 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) CFO Jesús Llorca sold 4,000 shares of SEACOR Marine stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total value of $40,000.00. Following the completion of the sale, the chief financial officer directly owned 382,981 shares of the company’s stock, valued at $3,829,810. The trade was a 1.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, August 21st, Jesús Llorca sold 401 shares of SEACOR Marine stock. The shares were sold at an average price of $10.00, for a total value of $4,010.00.
  • On Monday, August 17th, Jesús Llorca sold 3,207 shares of SEACOR Marine stock. The shares were sold at an average price of $9.85, for a total value of $31,588.95.
  • On Friday, August 14th, Jesús Llorca sold 5,927 shares of SEACOR Marine stock. The stock was sold at an average price of $9.78, for a total value of $57,966.06.
  • On Thursday, August 13th, Jesús Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $14,654.25.
  • On Wednesday, August 12th, Jesús Llorca sold 2,840 shares of SEACOR Marine stock. The shares were sold at an average price of $9.76, for a total transaction of $27,718.40.
  • On Tuesday, August 11th, Jesús Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total transaction of $127,798.66.
  • On Friday, August 7th, Jesús Llorca sold 205 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total transaction of $1,998.75.
  • On Thursday, July 30th, Jesús Llorca sold 60,823 shares of SEACOR Marine stock. The shares were sold at an average price of $9.12, for a total transaction of $554,705.76.
  • On Wednesday, July 1st, Jesús Llorca sold 1,386 shares of SEACOR Marine stock. The shares were sold at an average price of $8.01, for a total transaction of $11,101.86.
  • On Tuesday, June 30th, Jesús Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total transaction of $13,224.98.

SEACOR Marine Stock Down 0.1%

SMHI opened at $9.75 on Monday. The firm’s 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $7.91. The company has a market capitalization of $264.52 million, a PE ratio of -13.73 and a beta of 1.08. SEACOR Marine Holdings Inc. has a 1-year low of $5.55 and a 1-year high of $10.00. 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:SMHIGet Free Report) last issued its quarterly earnings data 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 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, equities analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research 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.com, the company currently has a consensus rating of “Hold” and an average price target of $10.00.

Check Out Our Latest Stock Analysis on SMHI

Institutional Trading of SEACOR Marine

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

SEACOR Marine Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for SEACOR Marine (NYSE:SMHI)

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