Andrew Everett II Sells 4,116 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 4,116 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total transaction of $41,160.00. Following the completion of the sale, the vice president owned 194,279 shares in the company, valued at $1,942,790. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

SEACOR Marine Stock Up 0.1%

SMHI stock opened at $9.75 on Friday. The firm has a market cap of $264.52 million, a PE ratio of -13.73 and a beta of 1.08. SEACOR Marine Holdings Inc. has a 12 month low of $5.55 and a 12 month high of $10.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.35. The firm has a 50 day simple moving average of $8.81 and a 200 day simple moving average of $7.91.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) 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 company had revenue of $54.63 million for the quarter, compared to analysts’ expectations of $45.60 million. Equities research analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One investment 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position 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 acquiring an additional 1,699 shares during the period. Royal Bank of Canada increased its holdings in shares of SEACOR Marine by 781.0% in 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 during the period. Tower Research Capital LLC TRC increased its holdings in shares of SEACOR Marine by 289.7% in 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 during the period. Valeo Financial Advisors LLC purchased a new stake in shares of SEACOR Marine in the fourth quarter worth approximately $60,000. Finally, Raymond James Financial Inc. lifted its position 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 worth $98,000 after purchasing an additional 10,000 shares in the last quarter. 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.