SEACOR Marine (NYSE:SMHI) Announces Earnings Results

SEACOR Marine (NYSE:SMHI) posted its quarterly earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36, FiscalAI reports. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million.

SEACOR Marine Stock Down 2.8%

Shares of SMHI traded down $0.22 on Wednesday, reaching $7.75. The company’s stock had a trading volume of 203,268 shares, compared to its average volume of 118,180. The stock has a market capitalization of $209.69 million, a PE ratio of -7.11 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. SEACOR Marine has a twelve month low of $4.70 and a twelve month high of $8.51. The firm has a fifty day moving average of $7.56 and a 200-day moving average of $7.33.

Insiders Place Their Bets

In related news, CAO Gregory Scott Rossmiller sold 9,601 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $7.17, for a total transaction of $68,839.17. Following the completion of the sale, the chief accounting officer owned 275,470 shares in the company, valued at approximately $1,975,119.90. This represents a 3.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Andrew H. Everett II sold 10,565 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $8.04, for a total value of $84,942.60. Following the completion of the sale, the vice president directly owned 273,595 shares of the company’s stock, valued at $2,199,703.80. The trade was a 3.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 83,162 shares of company stock valued at $647,224. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in SEACOR Marine by 75.1% in the 3rd 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 in the last quarter. 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 last quarter. Barclays PLC lifted its position in shares of 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 buying an additional 5,060 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of SEACOR Marine by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock worth $2,925,000 after buying an additional 5,117 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of 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 buying an additional 7,406 shares during the last quarter. 59.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.