Insider Selling: Tidewater (NYSE:TDW) EVP Sells $1,162,500.00 in Stock

Tidewater Inc. (NYSE:TDW) EVP Daniel Hudson sold 15,000 shares of Tidewater stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $77.50, for a total transaction of $1,162,500.00. Following the sale, the executive vice president directly owned 50,986 shares in the company, valued at approximately $3,951,415. This trade represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tidewater Stock Performance

NYSE:TDW opened at $78.57 on Thursday. The company has a market cap of $3.89 billion, a P/E ratio of 26.46 and a beta of 0.65. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $82.00. The company’s 50-day moving average price is $60.83 and its 200-day moving average price is $56.98. The company has a current ratio of 2.89, a quick ratio of 2.79 and a debt-to-equity ratio of 0.57.

Hedge Funds Weigh In On Tidewater

A number of hedge funds have recently modified their holdings of TDW. Lido Advisors LLC raised its holdings in Tidewater by 2.8% in the 4th quarter. Lido Advisors LLC now owns 5,509 shares of the oil and gas company’s stock valued at $290,000 after buying an additional 149 shares during the period. Clearstead Advisors LLC increased its position in shares of Tidewater by 22.2% during the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 158 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Tidewater by 15.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,239 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 166 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tidewater by 1.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 10,579 shares of the oil and gas company’s stock worth $534,000 after acquiring an additional 200 shares during the last quarter. Finally, Manatuck Hill Partners LLC boosted its position in shares of Tidewater by 5.1% during the 4th quarter. Manatuck Hill Partners LLC now owns 4,100 shares of the oil and gas company’s stock worth $207,000 after purchasing an additional 200 shares during the period. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Evercore reduced their price target on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a report on Wednesday, November 12th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Tidewater in a report on Monday. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Tidewater presently has a consensus rating of “Hold” and an average price target of $67.50.

Tidewater Company Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.