SEACOR Marine (NYSE:SMHI) CAO Gregory Scott Rossmiller Sells 27,741 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 27,741 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $9.16, for a total value of $254,107.56. Following the transaction, the chief accounting officer directly owned 244,506 shares of the company’s stock, valued at approximately $2,239,674.96. The trade was a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The stock was sold at an average price of $7.17, for a total transaction of $68,839.17.
• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The shares were sold at an average price of $7.27, for a total transaction of $70,300.90.

SEACOR Marine Trading Down 1.2%

Shares of SEACOR Marine stock opened at $9.43 on Friday. The firm has a market capitalization of $255.70 million, a PE ratio of -13.27 and a beta of 1.10. The company has a current ratio of 2.38, a quick ratio of 2.32 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $7.66 and its 200 day moving average is $7.38. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $9.61.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. Equities research analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.

Institutional Trading of SEACOR Marine

A number of hedge funds have recently made changes to their positions in SMHI. Wells Fargo & Company MN grew its holdings in shares of SEACOR Marine by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock worth $147,000 after purchasing an additional 8,733 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of SEACOR Marine by 197.4% in the third 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 during the period. Tower Research Capital LLC TRC raised its holdings in 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 buying an additional 7,406 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in 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 buying an additional 1,699 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in SEACOR Marine by 781.0% during the 1st 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 during the period. 59.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, SEACOR Marine presently has an average rating of “Hold” and a consensus target price of $10.00.

About SEACOR Marine

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.