SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 10,565 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 10,565 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $8.04, for a total transaction of $84,942.60. Following the transaction, the vice president owned 273,595 shares in the company, valued at approximately $2,199,703.80. The trade was a 3.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SEACOR Marine Trading Down 4.6%

NYSE:SMHI opened at $7.65 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 one year low of $4.70 and a one year high of $8.18. The company has a market cap of $207.01 million, a PE ratio of -7.02 and a beta of 1.10. The firm has a 50-day moving average of $7.36 and a 200-day moving average of $7.13.

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

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets raised its position 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 valued at $26,000 after purchasing an additional 1,699 shares during the period. Royal Bank of Canada raised its holdings in 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 acquiring an additional 5,069 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after acquiring an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of SEACOR Marine during the fourth quarter worth $60,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of 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 acquiring an additional 10,000 shares during the period. Institutional investors own 59.05% of the company’s stock.

Analyst Ratings Changes

SMHI has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a 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 objective for the company in a research report on Monday, March 16th. Finally, Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SEACOR Marine currently has an average rating of “Hold” and a consensus 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.