Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $111,559.36 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,432 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $7.73, for a total value of $111,559.36. Following the completion of the sale, the chief financial officer directly owned 523,830 shares in the company, valued at $4,049,205.90. This represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• 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 value of $95,464.74.

SEACOR Marine Price Performance

SMHI stock traded down $0.64 during trading hours on Wednesday, hitting $7.22. 269,046 shares of the stock traded hands, compared to its average volume of 114,856. The stock has a 50-day simple moving average of $7.36 and a 200 day simple moving average of $7.12. The company has a market cap of $195.51 million, a P/E ratio of -6.63 and a beta of 1.10. SEACOR Marine Holdings Inc. has a one year low of $4.70 and a one year high of $8.17. 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 (NYSE:SMHI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. The firm had revenue of $44.28 million for the quarter, compared to analysts’ expectations of $49.30 million. Equities analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Institutional Trading of SEACOR Marine

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted 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 valued at $26,000 after buying an additional 1,699 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of SEACOR Marine by 1.8% during the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after acquiring an additional 2,100 shares during the period. Oppenheimer & Close LLC lifted its position in shares of SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after acquiring an additional 2,911 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of SEACOR Marine by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock valued at $383,000 after acquiring an additional 3,937 shares in the last quarter. Finally, Glenorchy Capital Ltd boosted its stake in SEACOR Marine by 2.5% in 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 period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Wall Street Analyst Weigh In

SMHI has been the subject of several recent research reports. Clarkson Capital raised shares of 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. Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

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.