SEACOR Marine (NYSE:SMHI) CFO Sells $95,464.74 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 11,963 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $7.98, for a total transaction of $95,464.74. Following the transaction, the chief financial officer owned 511,867 shares in the company, valued at approximately $4,084,698.66. This trade represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 1.0%

NYSE:SMHI opened at $7.62 on Friday. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $8.17. The company has a market cap of $206.31 million, a PE ratio of -6.99 and a beta of 1.10. The company has a 50 day simple moving average of $7.35 and a two-hundred day simple moving average of $7.13.

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

Institutional Investors Weigh In On SEACOR Marine

Hedge funds and other institutional investors have recently modified their holdings of the stock. Oppenheimer & Close LLC raised its holdings in SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after purchasing an additional 2,911 shares during the period. Geode Capital Management LLC grew its holdings in SEACOR Marine by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock valued at $2,925,000 after purchasing an additional 5,117 shares during the period. Oppenheimer & Co. Inc. grew its holdings in SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock valued at $1,327,000 after purchasing an additional 13,000 shares during the period. Glenorchy Capital Ltd increased its position in SEACOR Marine by 4.3% in the fourth quarter. Glenorchy Capital Ltd now owns 192,803 shares of the company’s stock worth $1,161,000 after buying an additional 7,952 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in SEACOR Marine by 21.2% in the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after buying an additional 29,955 shares in the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SMHI. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Clarkson Capital upgraded 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, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. 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, SEACOR Marine has a consensus rating of “Hold” and an average target price of $10.00.

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.