SEACOR Marine (NYSE:SMHI) Shares Up 0.2% – Here’s Why

Shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) were up 0.2% during mid-day trading on Wednesday . The stock traded as high as $7.02 and last traded at $6.9450. Approximately 98,052 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 89,291 shares. The stock had previously closed at $6.93.

Analyst Ratings Changes

A number of analysts recently issued reports on SMHI shares. Clarkson Capital cut SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price target for the company. in a report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, October 8th. Zacks Research raised shares of SEACOR Marine from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of SEACOR Marine from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $7.00.

SEACOR Marine Stock Performance

The company has a current ratio of 2.39, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $6.76 and its 200 day simple moving average is $6.25. The company has a market cap of $177.26 million, a price-to-earnings ratio of -4.66 and a beta of 1.30.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.76. The company had revenue of $59.19 million during the quarter, compared to analysts’ expectations of $65.89 million. SEACOR Marine had a negative return on equity of 6.67% and a negative net margin of 16.08%. As a group, analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current year.

Insiders Place Their Bets

In other SEACOR Marine news, Director Julie Persily sold 7,000 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total transaction of $52,150.00. Following the completion of the sale, the director owned 85,476 shares of the company’s stock, valued at $636,796.20. This trade represents a 7.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On SEACOR Marine

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its holdings in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares in the last quarter. Tower Research Capital LLC TRC increased 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 during the period. MetLife Investment Management LLC raised its stake in shares of SEACOR Marine by 43.1% in the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock valued at $72,000 after acquiring an additional 4,257 shares in the last quarter. Raymond James Financial Inc. raised its stake 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 valued at $98,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Barington Companies Management LLC purchased a new position in SEACOR Marine in the third quarter valued at $162,000. 59.05% of the stock is owned by institutional investors and hedge funds.

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.