SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 9,435 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 9,435 shares of SEACOR Marine stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $8.02, for a total value of $75,668.70. Following the completion of the sale, the vice president owned 284,160 shares in the company, valued at approximately $2,278,963.20. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SEACOR Marine Price Performance

NYSE:SMHI opened at $7.22 on Thursday. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $8.17. The stock has a 50 day moving average of $7.35 and a two-hundred day moving average of $7.12. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20. The firm has a market cap of $195.51 million, a P/E ratio of -6.63 and a beta of 1.10.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Monday, March 16th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SMHI. BNP Paribas Financial Markets increased 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 during the last quarter. Royal Bank of Canada lifted its position in 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 buying an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 buying an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in SEACOR Marine during the fourth quarter worth $60,000. Finally, Raymond James Financial Inc. grew its holdings 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 in the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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.