Insider Selling: SEACOR Marine (NYSE:SMHI) VP Sells $41,160.00 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) VP Andrew Everett II sold 4,116 shares of SEACOR Marine stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total transaction of $41,160.00. Following the completion of the sale, the vice president directly owned 194,279 shares in the company, valued at approximately $1,942,790. This represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

SEACOR Marine Stock Down 0.1%

SMHI opened at $9.75 on Monday. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $10.00. The company’s 50-day moving average price is $8.81 and its two-hundred day moving average price is $7.91. The stock has a market cap of $264.52 million, a price-to-earnings ratio of -13.73 and a beta of 1.08. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15.

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

Hedge Funds Weigh In On SEACOR Marine

Several large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised 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 valued at $26,000 after purchasing an additional 1,699 shares during the period. Royal Bank of Canada boosted its holdings 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 buying an additional 5,069 shares during the period. Tower Research Capital LLC TRC boosted its holdings in SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after buying an additional 7,406 shares during the period. Valeo Financial Advisors LLC purchased a new position in SEACOR Marine in the 4th quarter valued at approximately $60,000. Finally, Raymond James Financial Inc. grew its stake in SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

Analysts Set New Price Targets

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

Check Out Our Latest Report on SEACOR Marine

About SEACOR Marine

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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

Insider Buying and Selling by Quarter for SEACOR Marine (NYSE:SMHI)

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