Insider Selling: SEACOR Marine (NYSE:SMHI) VP Sells 9,435 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) VP Andrew Everett II sold 9,435 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $8.02, for a total transaction of $75,668.70. Following the transaction, the vice president owned 284,160 shares in the company, valued at approximately $2,278,963.20. This trade represents a 3.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SEACOR Marine Stock Down 8.1%

Shares of SMHI stock traded down $0.64 on Wednesday, hitting $7.22. The company’s stock had a trading volume of 269,046 shares, compared to its average volume of 114,856. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. SEACOR Marine Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.17. The firm’s fifty day moving average price is $7.36 and its 200-day moving average price is $7.12. The stock has a market capitalization of $195.51 million, a price-to-earnings ratio of -6.63 and a beta of 1.10.

SEACOR Marine (NYSE:SMHIGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.31. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. The firm had revenue of $44.28 million during the quarter, compared to analysts’ expectations of $49.30 million. Research analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Hedge Funds Weigh In On SEACOR Marine

Several large investors have recently made changes to their positions in SMHI. Tower Research Capital LLC TRC grew 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 valued at $51,000 after buying an additional 7,406 shares during the last quarter. BNP Paribas Financial Markets increased its position in SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares during the period. Royal Bank of Canada lifted its holdings in shares of SEACOR Marine by 781.0% during the first 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 last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SEACOR Marine by 7.9% during the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after buying an additional 3,937 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of SEACOR Marine by 1.8% in the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on SMHI

SEACOR Marine Company Profile

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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.

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