Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $31,588.95 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 3,207 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.85, for a total transaction of $31,588.95. Following the sale, the chief financial officer directly owned 385,082 shares of the company’s stock, valued at approximately $3,793,057.70. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The stock was sold at an average price of $9.78, for a total transaction of $57,966.06.
• 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 shares were 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 shares were sold at an average price of $9.79, for a total value of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total value of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total value 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 value of $11,101.86.
• 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 value 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 value 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.

SEACOR Marine Price Performance

SMHI stock opened at $9.96 on Friday. 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 Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $10.00. The stock’s 50 day moving average is $8.34 and its two-hundred day moving average is $7.73. The company has a market capitalization of $270.21 million, a PE ratio of -14.03 and a beta of 1.10.

SEACOR Marine (NYSE:SMHI) last released its earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 company had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. Analysts predict that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Investors Weigh In On SEACOR Marine

A number of institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its holdings in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after acquiring an additional 1,699 shares during the last quarter. Renaissance Technologies LLC grew 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 purchasing an additional 2,100 shares during the last quarter. Oppenheimer & Close LLC raised its position in shares of SEACOR Marine by 0.5% during the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after purchasing an additional 2,911 shares during the period. Wellington Management Group LLP raised its position in shares of SEACOR Marine by 16.9% during the 2nd quarter. Wellington Management Group LLP now owns 22,297 shares of the company’s stock worth $171,000 after purchasing an additional 3,223 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of SEACOR Marine by 7.9% during the 1st quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after purchasing an additional 3,937 shares during the period. 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.