SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 63,124 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 63,124 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $9.14, for a total transaction of $576,953.36. Following the completion of the transaction, the vice president owned 206,363 shares in the company, valued at approximately $1,886,157.82. This trade represents a 23.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

SEACOR Marine Trading Down 1.2%

Shares of SMHI opened at $9.43 on Friday. SEACOR Marine Holdings Inc. has a 1-year low of $4.70 and a 1-year high of $9.61. The company has a market capitalization of $255.70 million, a P/E ratio of -13.27 and a beta of 1.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.32. The firm’s 50 day simple moving average is $7.66 and its 200 day simple moving average is $7.38.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. Sell-side analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SEACOR Marine has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Trading of SEACOR Marine

A number of hedge funds have recently bought and sold shares of SMHI. BNP Paribas Financial Markets boosted its stake in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares in the last quarter. Renaissance Technologies LLC grew its position in SEACOR Marine by 1.8% during the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after acquiring an additional 2,100 shares during the last quarter. Oppenheimer & Close LLC raised its stake 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 worth $3,334,000 after acquiring an additional 2,911 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of SEACOR Marine by 7.9% during 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, Glenorchy Capital Ltd raised its stake in shares of 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 acquiring an additional 4,574 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

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.