Jesus Llorca Sells 11,963 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) CFO Jesus Llorca sold 11,963 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $7.98, for a total transaction of $95,464.74. Following the sale, the chief financial officer directly owned 511,867 shares of the company’s stock, valued at approximately $4,084,698.66. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jesus Llorca also recently made the following trade(s):

  • On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Up 4.2%

Shares of SEACOR Marine stock opened at $7.54 on Friday. The company’s fifty day simple moving average is $7.35 and its 200-day simple moving average is $7.12. The stock has a market capitalization of $203.92 million, a PE ratio of -6.91 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 1-year low of $4.70 and a 1-year high of $8.17. 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 (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, beating analysts’ consensus estimates of ($0.92) by $0.31. The firm had revenue of $44.28 million during the quarter, compared to the consensus estimate of $49.30 million. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. As a group, equities analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. 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 note on Monday, March 16th. Finally, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SEACOR Marine presently has a consensus rating of “Hold” and an average price target of $10.00.

Get Our Latest Analysis on SMHI

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings 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 raised its holdings in SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after acquiring an additional 5,069 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of SEACOR Marine in the fourth quarter valued at about $60,000. Finally, Raymond James Financial Inc. boosted its stake in shares of 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 acquiring an additional 10,000 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

About SEACOR Marine

(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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