Jesus Llorca Sells 1,386 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,386 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $8.01, for a total value of $11,101.86. Following the sale, the chief financial officer owned 494,371 shares of the company’s stock, valued at $3,959,911.71. This represents a 0.28% decrease in their ownership of the stock. The sale was disclosed in a filing 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 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 transaction of $116,121.83.
• 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 value of $111,559.36.

SEACOR Marine Stock Performance

SEACOR Marine stock opened at $7.52 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $8.18. The company has a fifty day moving average price of $7.41 and a two-hundred day moving average price of $7.15. The company has a market cap of $203.49 million, a PE ratio of -6.90 and a beta of 1.10.

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

Institutional Trading of SEACOR Marine

Large investors have recently added to or reduced their stakes in the company. Glenorchy Capital Ltd increased its stake in SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after buying an additional 4,574 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of SEACOR Marine by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after acquiring an additional 29,955 shares in the last quarter. Barington Companies Management LLC acquired a new position in shares of SEACOR Marine in the third quarter worth $162,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 acquiring an additional 1,699 shares during the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, March 16th. 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.00.

SEACOR Marine Company 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.