SEACOR Marine (NYSE:SMHI) CAO Gregory Scott Rossmiller Sells 9,601 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock in a transaction on Tuesday, June 16th. The shares were 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 directly owned 275,470 shares of the company’s stock, valued at approximately $1,975,119.90. The trade was a 3.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The shares were sold at an average price of $7.27, for a total value of $70,300.90.

SEACOR Marine Price Performance

Shares of NYSE:SMHI opened at $7.16 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $7.40 and its two-hundred day simple moving average is $7.11. SEACOR Marine Holdings Inc. has a 1-year low of $4.70 and a 1-year high of $8.17. The stock has a market cap of $193.63 million, a PE ratio of -6.56 and a beta of 1.10.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data 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. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The business had revenue of $44.28 million for the quarter, compared to analysts’ expectations of $49.30 million. As a group, analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SMHI has been the topic of several recent analyst reports. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, March 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Investors Weigh In On SEACOR Marine

A number of hedge funds have recently made changes to their positions in SMHI. Glenorchy Capital Ltd raised its stake in shares of SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after purchasing an additional 4,574 shares during the period. Tower Research Capital LLC TRC raised its stake 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 worth $51,000 after purchasing an additional 7,406 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $1,112,000 after purchasing an additional 29,955 shares during the period. GSA Capital Partners LLP raised its stake in shares of SEACOR Marine by 160.3% during the 3rd quarter. GSA Capital Partners LLP now owns 46,215 shares of the company’s stock worth $300,000 after purchasing an additional 28,458 shares during the period. Finally, Barington Companies Management LLC bought a new stake in shares of SEACOR Marine during the 3rd quarter worth $162,000. 59.05% of the stock is currently owned by institutional investors.

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.