SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 9,435 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 9,435 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $8.02, for a total transaction of $75,668.70. Following the transaction, the vice president owned 284,160 shares of the company’s stock, valued at approximately $2,278,963.20. The trade was a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

SEACOR Marine Stock Performance

NYSE SMHI traded down $0.64 during midday trading on Wednesday, hitting $7.22. The company had a trading volume of 269,046 shares, compared to its average volume of 114,856. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. The stock has a market cap of $195.51 million, a price-to-earnings ratio of -6.63 and a beta of 1.10. The firm has a fifty day simple moving average of $7.36 and a two-hundred day simple moving average of $7.12. SEACOR Marine Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.17.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.31. The business had revenue of $44.28 million during 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%. Equities analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Glenorchy Capital Ltd boosted its holdings in SEACOR Marine by 2.5% during the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after purchasing an additional 4,574 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SEACOR Marine by 289.7% during the 2nd 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 period. JPMorgan Chase & Co. boosted its stake in SEACOR Marine by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after buying an additional 29,955 shares in the last quarter. GSA Capital Partners LLP boosted its stake in SEACOR Marine by 160.3% in the 3rd quarter. GSA Capital Partners LLP now owns 46,215 shares of the company’s stock valued at $300,000 after buying an additional 28,458 shares in the last quarter. Finally, Barington Companies Management LLC bought a new stake in SEACOR Marine in the third quarter valued at $162,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SMHI shares. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, March 16th. One 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.