Insider Selling: SEACOR Marine (NYSE:SMHI) CAO Sells $68,839.17 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,601 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $7.17, for a total transaction of $68,839.17. Following the completion of the transaction, the chief accounting officer owned 275,470 shares of the company’s stock, valued at $1,975,119.90. This represents a 3.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The stock was sold at an average price of $7.27, for a total value of $70,300.90.

SEACOR Marine Stock Down 4.1%

SEACOR Marine stock opened at $6.68 on Friday. SEACOR Marine Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.17. 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 company has a market capitalization of $180.81 million, a P/E ratio of -6.13 and a beta of 1.10. The stock has a 50-day simple moving average of $7.38 and a 200-day simple moving average of $7.11.

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

Hedge Funds Weigh In On SEACOR Marine

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised 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 valued at $26,000 after acquiring an additional 1,699 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after purchasing an additional 5,069 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of 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 period. Valeo Financial Advisors LLC purchased a new stake in shares of SEACOR Marine during the fourth quarter worth approximately $60,000. Finally, Raymond James Financial Inc. raised its stake in shares of SEACOR Marine by 197.4% during the third 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. Institutional investors and hedge funds own 59.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Monday, March 16th. Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEACOR Marine currently has a consensus rating of “Hold” and a consensus price target 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.