SEACOR Marine (NYSE:SMHI) CFO Sells $11,101.86 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,386 shares of SEACOR Marine stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $8.01, for a total transaction of $11,101.86. Following the sale, the chief financial officer directly owned 494,371 shares in the company, valued at approximately $3,959,911.71. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 stock was 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 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 shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Stock Performance

Shares of SEACOR Marine stock opened at $7.88 on Thursday. The firm has a market cap of $213.10 million, a PE ratio of -7.22 and a beta of 1.10. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. SEACOR Marine Holdings Inc. has a 52 week low of $4.70 and a 52 week high of $8.18. The business’s fifty day simple moving average is $7.42 and its 200-day simple moving average is $7.16.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $44.28 million during the quarter, compared to the consensus estimate of $49.30 million. Equities analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SMHI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price 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 given a Sell rating to the company. Based on data from MarketBeat.com, SEACOR Marine presently has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its stake in SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after buying an additional 5,069 shares during the period. Renaissance Technologies LLC lifted its holdings 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 buying an additional 2,100 shares in the last quarter. Hilltop Holdings Inc. purchased a new position in SEACOR Marine in the 1st quarter valued at approximately $147,000. Bank of New York Mellon Corp grew its stake in shares of SEACOR Marine by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after acquiring an additional 3,937 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of SEACOR Marine by 9.5% in the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock worth $350,000 after acquiring an additional 5,060 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.