Gregory Scott Rossmiller Sells 9,670 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,670 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.27, for a total transaction of $70,300.90. Following the completion of the transaction, the chief accounting officer owned 285,071 shares in the company, valued at $2,072,466.17. This represents a 3.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The stock was sold at an average price of $7.17, for a total transaction of $68,839.17.

SEACOR Marine Stock Down 1.9%

Shares of SEACOR Marine stock opened at $6.98 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $8.17. The stock has a market capitalization of $188.74 million, a price-to-earnings ratio of -6.40 and a beta of 1.10. The company’s 50 day moving average price is $7.39 and its 200-day moving average price is $7.11.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. The firm had revenue of $44.28 million for the quarter, compared to analysts’ expectations of $49.30 million. Equities research analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SMHI. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Clarkson Capital raised SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Monday, March 16th. Finally, Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEACOR Marine presently has an average rating of “Hold” and a consensus price target of $10.00.

Hedge Funds Weigh In On SEACOR Marine

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after buying an additional 1,699 shares during the period. Royal Bank of Canada lifted its position in 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 lifted its position in 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 purchased a new position in SEACOR Marine during the fourth quarter valued at $60,000. Finally, Raymond James Financial Inc. lifted its position in SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.