SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 11,963 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 11,963 shares of SEACOR Marine stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $7.98, for a total value of $95,464.74. Following the completion of the transaction, the chief financial officer directly owned 511,867 shares in the company, valued at approximately $4,084,698.66. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Stock Down 8.1%

SMHI opened at $7.22 on Thursday. The business has a 50 day moving average of $7.35 and a 200-day moving average of $7.12. The stock has a market capitalization of $195.51 million, a price-to-earnings ratio of -6.63 and a beta of 1.10. 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 1-year low of $4.70 and a 1-year high of $8.17.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.31. The business had revenue of $44.28 million for 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%. As a group, sell-side analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares in the last quarter. Royal Bank of Canada increased its holdings in SEACOR Marine by 781.0% in the 1st 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 raised its stake in shares of SEACOR Marine by 289.7% in the 2nd 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 in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SEACOR Marine in the 4th quarter valued at $60,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after acquiring an additional 10,000 shares during the period. 59.05% of the stock is owned by institutional investors.

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.