SEACOR Marine (NYSE:SMHI) Trading Up 0.2% – Here’s Why

SEACOR Marine Holdings Inc. (NYSE:SMHI)’s stock price rose 0.2% during trading on Wednesday . The company traded as high as $7.02 and last traded at $6.9450. Approximately 98,052 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 89,291 shares. The stock had previously closed at $6.93.

Wall Street Analysts Forecast Growth

SMHI has been the topic of a number of research analyst reports. Clarkson Capital downgraded shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, October 8th. Wall Street Zen raised shares of SEACOR Marine from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Zacks Research raised shares of SEACOR Marine from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, SEACOR Marine presently has a consensus rating of “Hold” and a consensus target price of $7.00.

SEACOR Marine Price Performance

The company has a debt-to-equity ratio of 1.12, a current ratio of 2.39 and a quick ratio of 2.36. The company has a market cap of $187.38 million, a price-to-earnings ratio of -4.93 and a beta of 1.30. The company’s 50-day simple moving average is $6.73 and its 200-day simple moving average is $6.24.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.76. The business had revenue of $59.19 million for the quarter, compared to analysts’ expectations of $65.89 million. SEACOR Marine had a negative net margin of 16.08% and a negative return on equity of 6.67%. On average, equities research analysts anticipate that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current year.

Insider Buying and Selling at SEACOR Marine

In other news, Director Julie Persily sold 7,000 shares of SEACOR Marine stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total transaction of $52,150.00. Following the completion of the transaction, the director directly owned 85,476 shares in the company, valued at approximately $636,796.20. The trade was a 7.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 16.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen LLC bought a new position in SEACOR Marine during the first quarter valued at approximately $444,000. American Century Companies Inc. boosted its stake in SEACOR Marine by 7.7% in the first quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock valued at $257,000 after acquiring an additional 3,625 shares in the last quarter. Wellington Management Group LLP increased its position in shares of SEACOR Marine by 19.8% in the 1st quarter. Wellington Management Group LLP now owns 46,780 shares of the company’s stock valued at $237,000 after acquiring an additional 7,739 shares during the period. MetLife Investment Management LLC grew its holdings in SEACOR Marine by 43.1% during the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company’s stock worth $72,000 after acquiring an additional 4,257 shares during the period. Finally, First Manhattan CO. LLC. lifted its holdings in SEACOR Marine by 1.5% during the first quarter. First Manhattan CO. LLC. now owns 356,465 shares of the company’s stock valued at $1,804,000 after purchasing an additional 5,100 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

About SEACOR Marine

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.