SEACOR Marine (NYSE:SMHI) VP Sells $48,675.76 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 5,113 shares of SEACOR Marine stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $9.52, for a total transaction of $48,675.76. Following the completion of the transaction, the vice president directly owned 199,613 shares in the company, valued at $1,900,315.76. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

SEACOR Marine Stock Up 0.0%

SEACOR Marine stock opened at $9.45 on Friday. 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 stock has a market capitalization of $256.43 million, a price-to-earnings ratio of -13.31 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 1-year low of $5.55 and a 1-year high of $9.70. The business has a fifty day moving average price of $7.83 and a 200-day moving average price of $7.48.

SEACOR Marine (NYSE:SMHI) last announced its 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. The company had revenue of $54.63 million for the quarter, compared to analyst estimates of $45.60 million. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%. Equities research analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS 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 note on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.00.

Institutional Inflows and Outflows

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

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.