Andrew Everett II Sells 10,565 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 10,565 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $8.04, for a total value of $84,942.60. Following the completion of the sale, the vice president owned 273,595 shares of the company’s stock, valued at $2,199,703.80. The trade was a 3.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $7.74 on Thursday. SEACOR Marine Holdings Inc. has a 1-year low of $4.70 and a 1-year high of $8.18. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $209.44 million, a price-to-earnings ratio of -7.10 and a beta of 1.10. The stock’s fifty day simple moving average is $7.37 and its 200-day simple moving average is $7.14.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The firm had revenue of $44.28 million during the quarter, compared to the consensus estimate of $49.30 million. On average, sell-side analysts predict that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several hedge funds and other institutional investors have recently made changes to their positions in SMHI. Glenorchy Capital Ltd lifted its position in shares of SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after purchasing an additional 4,574 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after buying an additional 7,406 shares during the last quarter. JPMorgan Chase & Co. grew 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 last quarter. Barington Companies Management LLC bought a new position in SEACOR Marine during the third quarter worth $162,000. Finally, BNP Paribas Financial Markets raised its stake in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after purchasing an additional 1,699 shares during the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SMHI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

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.