SEACOR Marine (NYSE:SMHI) CFO Sells $27,718.40 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 2,840 shares of SEACOR Marine stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $9.76, for a total transaction of $27,718.40. Following the transaction, the chief financial officer directly owned 395,719 shares of the company’s stock, valued at approximately $3,862,217.44. This trade represents a 0.71% decrease in their ownership of the stock. 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 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The stock was sold at an average price of $9.78, for a total transaction of $57,966.06.
• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $14,654.25.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The shares were sold at an average price of $9.79, for a total transaction of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total value of $554,705.76.
• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The stock was sold at an average price of $8.01, for a total value of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was sold at an average price of $8.02, for a total value of $13,224.98.
• 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 shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Trading Down 0.4%

SEACOR Marine stock opened at $9.82 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $8.09 and its two-hundred day simple moving average is $7.62. SEACOR Marine Holdings Inc. has a 12 month low of $5.55 and a 12 month high of $9.88. The company has a market capitalization of $266.44 million, a price-to-earnings ratio of -13.83 and a beta of 1.10.

SEACOR Marine (NYSE:SMHI) last released its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%.The firm had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $45.60 million. As a group, equities analysts predict that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On SEACOR Marine

A number of hedge funds have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets boosted its stake in SEACOR Marine by 75.1% during 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 during the last quarter. Renaissance Technologies LLC increased its holdings in shares of SEACOR Marine by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after purchasing an additional 2,100 shares in the last quarter. Oppenheimer & Close LLC raised its stake in shares of SEACOR Marine by 0.5% in the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after purchasing an additional 2,911 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of SEACOR Marine by 7.9% in the first 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 during the last quarter. Finally, Glenorchy Capital Ltd lifted its holdings in shares of SEACOR Marine by 2.5% during the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after purchasing an additional 4,574 shares in the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

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.