Jesus Llorca Sells 14,432 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) CFO Jesus Llorca sold 14,432 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $7.73, for a total value of $111,559.36. Following the completion of the sale, the chief financial officer directly owned 523,830 shares in the company, valued at approximately $4,049,205.90. This trade represents a 2.68% decrease in their position. The sale 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 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.

SEACOR Marine Stock Performance

SMHI traded down $0.64 during trading on Wednesday, reaching $7.22. 269,046 shares of the company were exchanged, compared to its average volume of 114,856. SEACOR Marine Holdings Inc. has a 52 week low of $4.70 and a 52 week high of $8.17. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average of $7.36 and a 200 day moving average of $7.12. The stock has a market cap of $195.51 million, a P/E ratio of -6.63 and a beta of 1.10.

SEACOR Marine (NYSE:SMHIGet Free Report) last posted its earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.31. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The company had revenue of $44.28 million for the quarter, compared to analysts’ expectations of $49.30 million. On average, sell-side analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SEACOR Marine presently has an average rating of “Hold” and a consensus target price of $10.00.

View Our Latest Research Report on SMHI

Institutional Investors Weigh In On SEACOR Marine

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in SEACOR Marine by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after buying an additional 29,955 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of SEACOR Marine by 160.3% in the third quarter. GSA Capital Partners LLP now owns 46,215 shares of the company’s stock valued at $300,000 after acquiring an additional 28,458 shares in the last quarter. Barington Companies Management LLC bought a new position in shares of SEACOR Marine in the third quarter valued at approximately $162,000. Hilltop Holdings Inc. acquired a new position in shares of SEACOR Marine during the first quarter valued at approximately $147,000. Finally, Oppenheimer & Co. Inc. raised its holdings in SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock worth $1,327,000 after purchasing an additional 13,000 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors.

SEACOR Marine Company Profile

(Get Free Report)

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.

Further Reading

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