SEACOR Marine (NYSE:SMHI) CFO Sells $14,654.25 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,503 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $9.75, for a total value of $14,654.25. Following the completion of the sale, the chief financial officer owned 394,216 shares in the company, valued at $3,843,606. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The shares were sold at an average price of $9.78, for a total value of $57,966.06.
• On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The stock was sold at an average price of $9.76, for a total value of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The stock was 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 shares were 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 shares were 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 transaction 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 transaction 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 stock was sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Stock Performance

SMHI stock opened at $9.82 on Monday. The stock has a 50-day moving average price of $8.09 and a 200-day moving average price of $7.62. SEACOR Marine Holdings Inc. has a 1-year low of $5.55 and a 1-year high of $9.88. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The firm has a market cap of $266.44 million, a PE ratio of -13.83 and a beta of 1.10.

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

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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Investors Weigh In On SEACOR Marine

Several large investors have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 1,699 shares during the last quarter. Royal Bank of Canada increased its stake in SEACOR Marine by 781.0% in the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares during the period. Tower Research Capital LLC TRC raised its holdings in SEACOR Marine by 289.7% during the 2nd 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 during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of SEACOR Marine during the fourth quarter valued at about $60,000. Finally, Raymond James Financial Inc. raised its position in SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after purchasing an additional 10,000 shares during the last quarter. 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.