Robotti Robert Purchases New Position in SEACOR Marine Holdings Inc. $SMHI

Robotti Robert acquired a new position in SEACOR Marine Holdings Inc. (NYSE:SMHI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 713,219 shares of the company’s stock, valued at approximately $5,456,000. SEACOR Marine makes up about 0.9% of Robotti Robert’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of SMHI. BNP Paribas Financial Markets lifted its holdings in shares of SEACOR Marine by 75.1% in 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 during the period. Royal Bank of Canada increased its stake in shares of SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares during the period. Tower Research Capital LLC TRC increased its stake 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 period. Valeo Financial Advisors LLC bought a new stake in shares of SEACOR Marine in the fourth quarter valued at about $60,000. Finally, Raymond James Financial Inc. raised 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 valued at $98,000 after acquiring an additional 10,000 shares in the last quarter. 59.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Activity

In other news, VP Andrew H. Everett II sold 63,124 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $9.14, for a total value of $576,953.36. Following the completion of the transaction, the vice president directly owned 206,363 shares of the company’s stock, valued at approximately $1,886,157.82. The trade was a 23.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Gregory Scott Rossmiller sold 27,741 shares of the company’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $9.16, for a total value of $254,107.56. Following the sale, the chief accounting officer owned 244,506 shares of the company’s stock, valued at $2,239,674.96. This trade represents a 10.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 266,147 shares of company stock worth $2,337,152. 16.80% of the stock is currently owned by company insiders.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $9.87 on Wednesday. The firm has a market cap of $267.64 million, a price-to-earnings ratio of -13.89 and a beta of 1.10. The company’s 50 day moving average is $8.19 and its 200 day moving average is $7.67. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15. SEACOR Marine Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $9.96.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. The company had revenue of $54.63 million during the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. On average, sell-side analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current fiscal year.

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.