SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 1,637 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 1,637 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $9.54, for a total transaction of $15,616.98. Following the sale, the vice president owned 204,726 shares in the company, valued at $1,953,086.04. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

SEACOR Marine Stock Down 1.2%

NYSE:SMHI traded down $0.12 during mid-day trading on Friday, hitting $9.43. The stock had a trading volume of 116,226 shares, compared to its average volume of 122,115. The stock has a 50-day simple moving average of $7.61 and a two-hundred day simple moving average of $7.37. The company has a market capitalization of $255.06 million, a PE ratio of -13.27 and a beta of 1.10. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $9.61. 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 posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($1.24) by $1.36. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.63%. The company had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. On average, equities research analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased 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 lifted its position in shares of SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after buying an additional 5,069 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after buying an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of SEACOR Marine in the 4th quarter valued at $60,000. Finally, Raymond James Financial Inc. grew its position in shares of SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares during the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One research 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 MarketBeat, the company currently has an average 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.