SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 5,927 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 5,927 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $9.78, for a total value of $57,966.06. Following the completion of the sale, the chief financial officer owned 388,289 shares in the company, valued at approximately $3,797,466.42. The trade was a 1.50% 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 Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $14,654.25.
• On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The stock was sold at an average price of $9.76, for a total transaction of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total transaction of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The shares were sold at an average price of $9.12, for a total transaction of $554,705.76.
• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The stock was sold at an average price of $8.01, for a total transaction of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was 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 shares were 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 shares were sold at an average price of $7.98, for a total value 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 value of $111,559.36.

SEACOR Marine Stock Up 1.8%

Shares of NYSE:SMHI opened at $9.82 on Friday. The business’s 50 day moving average is $8.09 and its 200 day moving average is $7.62. The stock has a market cap of $266.47 million, a P/E ratio of -13.83 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $9.88. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%.The business had revenue of $54.63 million during the quarter, compared to analyst estimates of $45.60 million. Sell-side analysts predict that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of SEACOR Marine

Hedge funds have recently bought and sold shares of the stock. Flat Footed LLC purchased a new position in shares of SEACOR Marine in the 2nd quarter valued at $5,230,895,000. Robotti Robert bought a new stake in SEACOR Marine during the second quarter valued at about $5,456,000. BlackRock Inc. purchased a new position in SEACOR Marine in the second quarter valued at about $12,188,000. Deutsche Bank AG purchased a new position in SEACOR Marine in the second quarter valued at about $166,000. Finally, Bank of New York Mellon Corp bought a new position in SEACOR Marine in the second quarter worth about $402,000. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.