Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $111,559.36 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,432 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $7.73, for a total transaction of $111,559.36. Following the transaction, the chief financial officer directly owned 523,830 shares of the company’s stock, valued at approximately $4,049,205.90. This represents a 2.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was sold at an average price of $7.98, for a total transaction of $95,464.74.

SEACOR Marine Stock Performance

NYSE SMHI opened at $7.62 on Friday. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.17. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. The stock has a market capitalization of $206.31 million, a PE ratio of -6.99 and a beta of 1.10. The company’s 50 day simple moving average is $7.35 and its two-hundred day simple moving average is $7.13.

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

Analysts Set New Price Targets

SMHI has been the subject of several recent analyst reports. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Clarkson Capital raised 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. 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, SEACOR Marine has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Trading of SEACOR Marine

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after acquiring an additional 5,069 shares during the last quarter. Renaissance Technologies LLC lifted its stake in SEACOR Marine by 1.8% during the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after purchasing an additional 2,100 shares during the last quarter. Hilltop Holdings Inc. bought a new stake in SEACOR Marine during the first quarter worth about $147,000. Bank of New York Mellon Corp boosted its holdings 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 purchasing an additional 3,937 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of SEACOR Marine by 9.5% in the 4th quarter. Barclays PLC now owns 58,185 shares of the company’s stock worth $350,000 after purchasing an additional 5,060 shares in the last quarter. 59.05% of the stock is 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.