Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $116,121.83 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,461 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $8.03, for a total value of $116,121.83. Following the completion of the sale, the chief financial officer owned 497,406 shares in the company, valued at approximately $3,994,170.18. This represents a 2.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total value of $13,224.98.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was 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 transaction of $111,559.36.

SEACOR Marine Price Performance

Shares of NYSE SMHI opened at $7.61 on Friday. SEACOR Marine Holdings Inc. has a 52 week low of $4.70 and a 52 week high of $8.18. The stock has a market cap of $205.79 million, a price-to-earnings 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 company’s 50-day moving average price is $7.38 and its 200 day moving average price is $7.14.

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

Hedge Funds Weigh In On SEACOR Marine

A number of hedge funds have recently made changes to their positions in SMHI. Royal Bank of Canada grew its stake in shares of SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares during the period. Renaissance Technologies LLC increased its position in shares of SEACOR Marine by 1.8% in the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after acquiring an additional 2,100 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in shares of SEACOR Marine in the 1st quarter valued at $147,000. Bank of New York Mellon Corp lifted its holdings in shares of SEACOR Marine by 7.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock valued at $383,000 after acquiring an additional 3,937 shares in the last quarter. Finally, Barclays PLC boosted its position in SEACOR Marine by 9.5% during the 4th quarter. Barclays PLC now owns 58,185 shares of the company’s stock worth $350,000 after purchasing an additional 5,060 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analyst Ratings Changes

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