Insider Buying: SEACOR Marine Holdings Inc (NYSE:SMHI) CEO Acquires $194,750.10 in Stock

SEACOR Marine Holdings Inc (NYSE:SMHI) CEO John M. Gellert acquired 15,885 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of $12.26 per share, with a total value of $194,750.10.

Shares of SMHI opened at $12.30 on Monday. The stock has a 50 day moving average price of $13.28 and a 200 day moving average price of $13.40. The company has a quick ratio of 1.21, a current ratio of 1.13 and a debt-to-equity ratio of 0.80. SEACOR Marine Holdings Inc has a 52-week low of $10.52 and a 52-week high of $19.87.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.35) earnings per share (EPS) for the quarter. The business had revenue of $54.70 million during the quarter. SEACOR Marine had a negative net margin of 32.56% and a negative return on equity of 13.33%.

Separately, ValuEngine downgraded SEACOR Marine from a “buy” rating to a “hold” rating in a report on Friday, November 1st.

A number of institutional investors and hedge funds have recently made changes to their positions in SMHI. Bessemer Group Inc. acquired a new position in SEACOR Marine in the second quarter valued at approximately $47,000. Aperio Group LLC acquired a new position in SEACOR Marine in the second quarter valued at approximately $26,000. Bank of Montreal Can boosted its holdings in SEACOR Marine by 69.3% in the second quarter. Bank of Montreal Can now owns 5,139 shares of the company’s stock valued at $77,000 after purchasing an additional 2,104 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SEACOR Marine by 10.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 115,347 shares of the company’s stock valued at $1,726,000 after purchasing an additional 10,496 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in SEACOR Marine in the second quarter valued at approximately $550,000. 80.09% of the stock is owned by hedge funds and other institutional investors.

About SEACOR Marine

Seacor Marine Holdings, Inc engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. The company involves in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies.

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Insider Buying and Selling by Quarter for SEACOR Marine (NYSE:SMHI)

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