Jesus Llorca Sells 14,432 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,432 shares of SEACOR Marine stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $7.73, for a total value of $111,559.36. Following the sale, the chief financial officer directly owned 523,830 shares of the company’s stock, valued at approximately $4,049,205.90. This represents a 2.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $95,464.74.

SEACOR Marine Trading Up 4.2%

Shares of NYSE:SMHI opened at $7.54 on Friday. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $8.17. The stock has a market cap of $203.92 million, a price-to-earnings ratio of -6.91 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. The business has a 50-day moving average price of $7.35 and a 200-day moving average price of $7.12.

SEACOR Marine (NYSE:SMHI) last released its earnings results on Wednesday, April 29th. The company reported ($0.61) 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 predict that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Institutional Investors Weigh In On SEACOR Marine

A number of hedge funds and other institutional investors have recently made changes to their positions in SMHI. BNP Paribas Financial Markets increased 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 valued at $26,000 after purchasing an additional 1,699 shares in the last quarter. Royal Bank of Canada grew its position in SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares during the period. Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in SEACOR Marine in the fourth quarter valued at $60,000. Finally, Raymond James Financial Inc. raised its position in shares of SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.