SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 2,840 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 2,840 shares of SEACOR Marine stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $9.76, for a total value of $27,718.40. Following the completion of the sale, the chief financial officer directly owned 395,719 shares in the company, valued at $3,862,217.44. This represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jesus Llorca also recently made the following trade(s):

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The stock was sold at an average price of $9.78, for a total transaction of $57,966.06.
• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total value of $14,654.25.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The shares were sold at an average price of $9.79, for a total value of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total transaction of $554,705.76.
• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The stock was sold at an average price of $8.01, for a total value of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total transaction of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The stock was sold at an average price of $8.03, for a total value of $116,121.83.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The shares were sold at an average price of $7.98, for a total value of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Up 1.8%

NYSE SMHI traded up $0.17 during trading hours on Friday, hitting $9.82. 74,832 shares of the company’s stock were exchanged, compared to its average volume of 120,809. The firm has a market capitalization of $266.44 million, a P/E ratio of -13.83 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 12-month low of $5.55 and a 12-month high of $9.88. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38. The business’s 50 day moving average is $8.04 and its 200-day moving average is $7.60.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($1.24) by $1.36. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. The firm had revenue of $54.63 million for the quarter, compared to analyst estimates of $45.60 million. As a group, analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

Several institutional investors have recently modified their holdings of SMHI. BNP Paribas Financial Markets lifted 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 valued at $26,000 after purchasing an additional 1,699 shares during the last quarter. Royal Bank of Canada increased its stake in shares of SEACOR Marine by 781.0% in the first 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 during the period. Tower Research Capital LLC TRC raised its holdings 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 valued at $51,000 after buying an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC bought a new stake in shares of SEACOR Marine during the fourth quarter valued at approximately $60,000. Finally, Raymond James Financial Inc. boosted its position in shares of SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after buying an additional 10,000 shares during the period. Institutional investors own 59.05% of the company’s stock.

Analyst Upgrades and Downgrades

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