SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 4,116 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 4,116 shares of SEACOR Marine stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total transaction of $41,160.00. Following the completion of the transaction, the vice president owned 194,279 shares in the company, valued at approximately $1,942,790. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SEACOR Marine Stock Up 0.1%

Shares of NYSE:SMHI opened at $9.75 on Friday. SEACOR Marine Holdings Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $10.00. 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 firm’s 50-day simple moving average is $8.81 and its 200-day simple moving average is $7.91. The company has a market cap of $264.55 million, a price-to-earnings ratio of -13.73 and a beta of 1.08.

SEACOR Marine (NYSE:SMHI) last announced its quarterly earnings data 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 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%. As a group, equities research analysts predict that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position 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 worth $26,000 after buying an additional 1,699 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 purchasing an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of SEACOR Marine in the fourth quarter valued at approximately $60,000. Finally, Raymond James Financial Inc. increased its stake in shares of SEACOR Marine by 197.4% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

Wall Street Analyst Weigh In

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

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.