Jesus Llorca Sells 2,840 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 2,840 shares of SEACOR Marine stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $9.76, for a total value of $27,718.40. Following the sale, the chief financial officer owned 395,719 shares in the company, valued at $3,862,217.44. This trade represents a 0.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 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 transaction 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 transaction of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was 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 transaction 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 transaction of $111,559.36.

SEACOR Marine Price Performance

SEACOR Marine stock opened at $9.82 on Friday. SEACOR Marine Holdings Inc. has a 52 week low of $5.55 and a 52 week high of $9.88. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15. The stock has a market cap of $266.44 million, a price-to-earnings ratio of -13.83 and a beta of 1.10. The business has a 50-day simple moving average of $8.09 and a 200 day simple moving average of $7.62.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.24) by $1.36. The business had revenue of $54.63 million for the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. On average, research analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Institutional Trading of SEACOR Marine

Several institutional investors and hedge funds have recently bought and sold shares of SMHI. BNP Paribas Financial Markets lifted its stake in shares of SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after purchasing an additional 1,699 shares during the period. Renaissance Technologies LLC grew its position in SEACOR Marine by 1.8% during the 1st 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 grew its holdings in shares of SEACOR Marine by 0.5% during the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after buying an additional 2,911 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of SEACOR Marine by 7.9% in 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 increased its holdings in SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after buying an additional 4,574 shares in the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus 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.