Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $13,224.98 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,649 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $8.02, for a total value of $13,224.98. Following the transaction, the chief financial officer directly owned 495,757 shares in the company, valued at approximately $3,975,971.14. This represents a 0.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were sold at an average price of $8.03, for a total value of $116,121.83.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The shares were sold at an average price of $7.98, for a total value of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Trading Down 1.1%

Shares of SMHI stock opened at $7.61 on Friday. The company has a market capitalization of $205.79 million, a P/E ratio of -6.98 and a beta of 1.10. 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 business’s 50 day moving average is $7.38 and its two-hundred day moving average is $7.14. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $8.18.

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

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings 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 in the last quarter. Royal Bank of Canada lifted its stake in shares of 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 purchasing an additional 5,069 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 in the last quarter. Valeo Financial Advisors LLC purchased a new stake in SEACOR Marine during the fourth quarter worth about $60,000. Finally, Raymond James Financial Inc. grew its position 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 buying an additional 10,000 shares during the period. 59.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SMHI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Clarkson Capital raised SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, March 16th. Finally, Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SEACOR Marine has an average rating of “Hold” and a consensus price target 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.