Bryce Point Capital LLC Takes $1.22 Million Position in Tidewater Inc. (NYSE:TDW)

Bryce Point Capital LLC acquired a new position in shares of Tidewater Inc. (NYSE:TDW) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,318 shares of the oil and gas company’s stock, valued at approximately $1,221,000.

Several other institutional investors have also recently added to or reduced their stakes in TDW. Fortitude Family Office LLC purchased a new position in shares of Tidewater during the fourth quarter worth $33,000. AlphaQuest LLC lifted its stake in Tidewater by 177.4% during the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 511 shares in the last quarter. Headlands Technologies LLC purchased a new position in Tidewater during the 4th quarter valued at about $53,000. Quarry LP grew its position in Tidewater by 187.6% in the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 531 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Tidewater by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 333 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

TDW has been the subject of several recent research reports. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their price objective for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.50.

Tidewater Stock Performance

Shares of TDW opened at $43.34 on Thursday. Tidewater Inc. has a 1 year low of $38.65 and a 1 year high of $111.42. The stock has a market capitalization of $2.23 billion, a PE ratio of 12.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The stock has a 50-day simple moving average of $47.99 and a 200-day simple moving average of $54.89.

Insider Buying and Selling

In other news, Director Robert Robotti acquired 1,770 shares of Tidewater stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $40.95 per share, for a total transaction of $72,481.50. Following the acquisition, the director now owns 2,183,670 shares of the company’s stock, valued at $89,421,286.50. This trade represents a 0.08 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.33% of the stock is owned by insiders.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.