Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $11,101.86 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,386 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $8.01, for a total value of $11,101.86. Following the completion of the sale, the chief financial officer owned 494,371 shares in the company, valued at approximately $3,959,911.71. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The stock was sold at an average price of $8.03, for a total transaction of $116,121.83.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was 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 shares were sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Down 3.4%

SEACOR Marine stock traded down $0.26 during trading hours on Monday, hitting $7.33. The company had a trading volume of 130,225 shares, compared to its average volume of 120,321. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. The firm has a market cap of $198.35 million, a P/E ratio of -6.72 and a beta of 1.10. The company has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $7.15. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.18.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $44.28 million for the quarter, compared to analyst estimates of $49.30 million. On average, sell-side analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SMHI shares. Clarkson Capital raised SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, March 16th. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.00.

Institutional Trading of SEACOR Marine

Hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its stake 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 purchasing an additional 10,000 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. BNP Paribas Financial Markets grew its stake in SEACOR Marine by 75.1% in the third 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. Royal Bank of Canada raised its holdings in SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares in the last quarter. Finally, Bank of New York Mellon Corp grew 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 worth $383,000 after buying an additional 3,937 shares during the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.