SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 1,637 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 1,637 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $9.54, for a total value of $15,616.98. Following the transaction, the vice president owned 204,726 shares of the company’s stock, valued at approximately $1,953,086.04. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $9.43 on Friday. SEACOR Marine Holdings Inc. has a 12-month low of $4.70 and a 12-month high of $9.61. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.32. The firm has a market capitalization of $255.70 million, a price-to-earnings ratio of -13.27 and a beta of 1.10. The business has a 50 day simple moving average of $7.66 and a 200 day simple moving average of $7.38.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%.The firm had revenue of $54.63 million for the quarter, compared to the consensus estimate of $45.60 million. On average, equities research analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in SEACOR Marine by 75.1% during the third 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. Royal Bank of Canada boosted its stake 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 purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SEACOR Marine during the 4th quarter valued at $60,000. Finally, Raymond James Financial Inc. increased its position in shares of SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, SEACOR Marine has a consensus rating of “Hold” and a consensus target price 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.