Greenwood Capital Associates LLC Purchases Shares of 8,542 Tidewater Inc. $TDW

Greenwood Capital Associates LLC purchased a new stake in Tidewater Inc. (NYSE:TDW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,542 shares of the oil and gas company’s stock, valued at approximately $431,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its stake in Tidewater by 18.1% in the fourth quarter. Farther Finance Advisors LLC now owns 28,997 shares of the oil and gas company’s stock valued at $1,465,000 after purchasing an additional 4,444 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Tidewater by 50.2% in the fourth quarter. State of Alaska Department of Revenue now owns 34,785 shares of the oil and gas company’s stock valued at $1,756,000 after purchasing an additional 11,625 shares in the last quarter. Stratos Wealth Advisors LLC increased its stake in Tidewater by 29.3% in the fourth quarter. Stratos Wealth Advisors LLC now owns 48,742 shares of the oil and gas company’s stock valued at $2,462,000 after purchasing an additional 11,052 shares in the last quarter. Kendall Capital Management bought a new stake in shares of Tidewater during the fourth quarter worth about $507,000. Finally, Pacific Capital Partners Ltd increased its position in shares of Tidewater by 66.7% during the fourth quarter. Pacific Capital Partners Ltd now owns 12,500 shares of the oil and gas company’s stock worth $631,000 after acquiring an additional 5,000 shares in the last quarter. 95.13% of the stock is owned by institutional investors.

Insider Transactions at Tidewater

In other Tidewater news, EVP Samuel R. Rubio sold 22,461 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $80.05, for a total value of $1,798,003.05. Following the completion of the sale, the executive vice president directly owned 60,066 shares of the company’s stock, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel A. Hudson sold 5,195 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $80.56, for a total transaction of $418,509.20. Following the completion of the sale, the executive vice president directly owned 45,971 shares of the company’s stock, valued at $3,703,423.76. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 52,656 shares of company stock valued at $4,079,112 over the last ninety days. 6.60% of the stock is currently owned by insiders.

Tidewater Trading Up 1.1%

Shares of TDW stock opened at $84.55 on Friday. Tidewater Inc. has a 52-week low of $32.21 and a 52-week high of $89.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.78 and a current ratio of 2.90. The company has a 50-day simple moving average of $78.35 and a two-hundred day simple moving average of $62.75. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 12.66 and a beta of 0.56.

Tidewater (NYSE:TDW) last issued its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $3.64. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The business had revenue of $336.80 million during the quarter, compared to the consensus estimate of $329.39 million. During the same period in the prior year, the firm posted $0.70 EPS. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDW shares. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Barclays started coverage on shares of Tidewater in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $80.00 target price for the company. Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Raymond James Financial set a $117.00 target price on shares of Tidewater in a research report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $87.33.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.