SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 1,649 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,649 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $8.02, for a total transaction of $13,224.98. Following the completion of the sale, the chief financial officer directly owned 495,757 shares in the company, valued at $3,975,971.14. This trade represents a 0.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The stock was 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 stock was 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 Price Performance

SMHI stock opened at $7.65 on Wednesday. The stock’s 50 day moving average price is $7.36 and its 200 day moving average price is $7.13. The firm has a market cap of $207.01 million, a P/E ratio of -7.02 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.18.

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Finally, 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 report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.00.

Hedge Funds Weigh In On SEACOR Marine

Institutional investors have recently added to or reduced their stakes in the business. Glenorchy Capital Ltd lifted its position in SEACOR Marine by 2.5% during the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after buying an additional 4,574 shares during the period. Tower Research Capital LLC TRC grew its holdings in 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 during the period. JPMorgan Chase & Co. increased its stake in shares of SEACOR Marine by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after acquiring an additional 29,955 shares during the last quarter. Barington Companies Management LLC acquired a new position in shares of SEACOR Marine during the 3rd quarter valued at about $162,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of 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 acquiring an additional 1,699 shares during the period. 59.05% of the stock is currently owned by institutional investors and hedge funds.

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.