Jesus Llorca Sells 14,461 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,461 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $8.03, for a total transaction of $116,121.83. Following the transaction, the chief financial officer owned 497,406 shares of the company’s stock, valued at $3,994,170.18. The trade was a 2.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jesus Llorca also recently made the following trade(s):

• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total transaction of $13,224.98.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The shares were sold at an average price of $7.98, for a total transaction of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Up 1.2%

Shares of NYSE:SMHI opened at $7.74 on Thursday. The company’s 50-day moving average price is $7.37 and its two-hundred day moving average price is $7.14. SEACOR Marine Holdings Inc. has a one year low of $4.70 and a one year high of $8.18. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. The stock has a market capitalization of $209.44 million, a PE ratio of -7.10 and a beta of 1.10.

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

Analyst Ratings Changes

SMHI has been the topic of several recent analyst reports. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Finally, Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Monday, March 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SEACOR Marine presently has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Trading of SEACOR Marine

A number of hedge funds have recently made changes to their positions in SMHI. Oppenheimer & Close LLC increased its holdings in shares of SEACOR Marine by 0.5% during the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after acquiring an additional 2,911 shares during the last quarter. Geode Capital Management LLC boosted its position in SEACOR Marine by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock worth $2,925,000 after purchasing an additional 5,117 shares during the period. Oppenheimer & Co. Inc. boosted its position in SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock worth $1,327,000 after purchasing an additional 13,000 shares during the period. Glenorchy Capital Ltd increased its holdings 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 valued at $1,161,000 after purchasing an additional 7,952 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings 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 valued at $1,112,000 after purchasing an additional 29,955 shares during the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

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.