SEACOR Marine (NYSE:SMHI) Director Julie Persily Sells 7,000 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) Director Julie Persily sold 7,000 shares of SEACOR Marine stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total value of $52,150.00. Following the completion of the transaction, the director owned 85,476 shares of the company’s stock, valued at approximately $636,796.20. This represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SEACOR Marine Trading Up 4.0%

SMHI stock traded up $0.30 during midday trading on Thursday, reaching $7.71. 39,103 shares of the company traded hands, compared to its average volume of 112,251. The firm has a market capitalization of $207.99 million, a price-to-earnings ratio of -5.45 and a beta of 1.34. SEACOR Marine Holdings Inc. has a 52-week low of $3.63 and a 52-week high of $7.88. The business has a 50 day moving average of $6.45 and a 200-day moving average of $5.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.39.

SEACOR Marine (NYSE:SMHI) last released its earnings results on Wednesday, October 29th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.76. The firm had revenue of $59.19 million for the quarter, compared to the consensus estimate of $65.89 million. SEACOR Marine had a negative return on equity of 6.67% and a negative net margin of 16.08%. As a group, sell-side analysts expect that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMHI. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, October 8th. Wall Street Zen raised shares of SEACOR Marine from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Clarkson Capital downgraded shares of SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research note on Tuesday, September 9th. Finally, Zacks Research upgraded shares of SEACOR Marine from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $7.00.

Hedge Funds Weigh In On SEACOR Marine

Several institutional investors and hedge funds have recently added to or reduced their stakes in SMHI. Nuveen LLC bought a new stake in shares of SEACOR Marine in the 1st quarter valued at about $444,000. American Century Companies Inc. grew its holdings in SEACOR Marine by 7.7% in the first quarter. American Century Companies Inc. now owns 50,806 shares of the company’s stock worth $257,000 after purchasing an additional 3,625 shares during the last quarter. Cerity Partners LLC increased its position in shares of SEACOR Marine by 113.3% during the first quarter. Cerity Partners LLC now owns 449,073 shares of the company’s stock worth $2,272,000 after purchasing an additional 238,509 shares in the last quarter. Robotti Robert lifted its holdings in shares of SEACOR Marine by 56.0% during the 1st quarter. Robotti Robert now owns 845,687 shares of the company’s stock valued at $4,279,000 after purchasing an additional 303,537 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of SEACOR Marine by 4.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock worth $5,803,000 after purchasing an additional 52,000 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

About SEACOR Marine

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.