Flat Footed LLC Makes New Investment in SEACOR Marine Holdings Inc. $SMHI

Flat Footed LLC purchased a new stake in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 683,777 shares of the company’s stock, valued at approximately $5,230,895,000. SEACOR Marine comprises 0.4% of Flat Footed LLC’s portfolio, making the stock its 13th largest position.

Several other large investors have also recently made changes to their positions in SMHI. Glenorchy Capital Ltd lifted its holdings in shares of SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 worth $51,000 after purchasing an additional 7,406 shares during the period. JPMorgan Chase & Co. raised its position in SEACOR Marine by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after purchasing an additional 29,955 shares during the period. BNP Paribas Financial Markets lifted its stake in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after purchasing an additional 10,000 shares during the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.

SEACOR Marine Stock Up 0.1%

Shares of NYSE:SMHI opened at $9.76 on Wednesday. The stock’s 50-day moving average is $8.44 and its 200 day moving average is $7.77. The company has a market cap of $264.65 million, a PE ratio of -13.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.35. SEACOR Marine Holdings Inc. has a 1 year low of $5.55 and a 1 year high of $10.00.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 8.72% and a negative net margin of 8.62%. Sell-side analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Insider Activity at SEACOR Marine

In other news, CAO Gregory Scott Rossmiller sold 27,741 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $9.16, for a total value of $254,107.56. Following the completion of the sale, the chief accounting officer directly owned 244,506 shares of the company’s stock, valued at approximately $2,239,674.96. This trade represents a 10.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jesus Llorca sold 60,823 shares of SEACOR Marine stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $9.12, for a total transaction of $554,705.76. Following the sale, the chief financial officer directly owned 411,818 shares in the company, valued at $3,755,780.16. The trade was a 12.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 269,955 shares of company stock worth $2,374,751 over the last quarter. 16.80% of the stock is owned by corporate insiders.

SEACOR Marine 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.