Jesus Llorca Sells 13,054 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 13,054 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $9.79, for a total transaction of $127,798.66. Following the completion of the sale, the chief financial officer owned 398,559 shares in the company, valued at approximately $3,901,892.61. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction 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 value 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 value 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 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

Shares of SEACOR Marine stock opened at $9.69 on Thursday. The stock has a market cap of $262.89 million, a price-to-earnings ratio of -13.65 and a beta of 1.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38. The stock has a 50 day moving average price of $8.00 and a 200-day moving average price of $7.58. SEACOR Marine Holdings Inc. has a one year low of $5.55 and a one year high of $9.88.

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

Institutional Investors Weigh In On SEACOR Marine

Several hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake 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 last quarter. Royal Bank of Canada grew its position in SEACOR Marine by 781.0% in the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after acquiring an additional 5,069 shares during the last quarter. Tower Research Capital LLC TRC increased its stake 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 worth $51,000 after purchasing an additional 7,406 shares during the period. Valeo Financial Advisors LLC purchased a new stake in SEACOR Marine in the fourth quarter worth $60,000. Finally, Raymond James Financial Inc. increased its stake in 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 purchasing an additional 10,000 shares during the period. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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