SEACOR Marine (NYSE:SMHI) CAO Sells $70,300.90 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.27, for a total value of $70,300.90. Following the transaction, the chief accounting officer owned 285,071 shares in the company, valued at approximately $2,072,466.17. The trade was a 3.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The stock was sold at an average price of $7.17, for a total value of $68,839.17.

SEACOR Marine Trading Down 0.8%

SEACOR Marine stock traded down $0.06 during trading on Tuesday, reaching $7.16. 107,604 shares of the company were exchanged, compared to its average volume of 108,607. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $8.17. The company has a market capitalization of $193.61 million, a P/E ratio of -6.56 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. The stock’s 50 day simple moving average is $7.40 and its two-hundred day simple moving average is $7.11.

SEACOR Marine (NYSE:SMHI) last posted its earnings results on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.31. The company had revenue of $44.28 million for the quarter, compared to the consensus estimate of $49.30 million. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%. On average, equities research analysts expect that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares in the last quarter. Renaissance Technologies LLC grew its stake in SEACOR Marine by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after purchasing an additional 2,100 shares in the last quarter. Oppenheimer & Close LLC grew its stake in 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 in the last quarter. Bank of New York Mellon Corp grew its stake in 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 in the last quarter. Finally, Glenorchy Capital Ltd grew its stake in SEACOR Marine by 2.5% during 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 in the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analysts Set New Price Targets

SMHI has been the subject of a number of recent analyst reports. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Finally, Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. 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 stock. Based on data from MarketBeat.com, SEACOR Marine presently has an average 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.