SEACOR Marine (NYSE:SMHI) CAO Gregory Scott Rossmiller Sells 9,670 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) CAO Gregory Scott Rossmiller sold 9,670 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $7.27, for a total value of $70,300.90. Following the completion of the sale, the chief accounting officer owned 285,071 shares in the company, valued at $2,072,466.17. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Gregory Scott Rossmiller also recently made the following trade(s):

  • On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The stock was sold at an average price of $7.17, for a total value of $68,839.17.

SEACOR Marine Price Performance

NYSE:SMHI opened at $7.16 on Wednesday. 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 company has a market capitalization of $193.63 million, a P/E ratio of -6.56 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $8.17. The business’s 50-day moving average is $7.40 and its 200 day moving average is $7.11.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SMHI. BNP Paribas Financial Markets grew its stake in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares in the last quarter. Royal Bank of Canada grew its stake in SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in SEACOR Marine in the fourth quarter worth approximately $60,000. Finally, Raymond James Financial Inc. grew its stake in SEACOR Marine by 197.4% in the third 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. Institutional investors own 59.05% of the company’s stock.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on SMHI

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.

See Also

Receive News & Ratings for SEACOR Marine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SEACOR Marine and related companies with MarketBeat.com's FREE daily email newsletter.