Andrew Everett II Sells 10,565 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) VP Andrew Everett II sold 10,565 shares of SEACOR Marine stock in a transaction on Monday, June 29th. The shares were sold at an average price of $8.04, for a total transaction of $84,942.60. Following the completion of the transaction, the vice president owned 273,595 shares in the company, valued at approximately $2,199,703.80. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SEACOR Marine Stock Performance

SMHI traded down $0.37 during trading on Tuesday, hitting $7.65. The stock had a trading volume of 159,999 shares, compared to its average volume of 119,828. The firm has a market capitalization of $207.01 million, a P/E ratio of -7.02 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $8.18. The company’s 50-day moving average price is $7.36 and its 200 day moving average price is $7.13.

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

Analyst Ratings Changes

A number of brokerages have weighed in on SMHI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, March 16th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Check Out Our Latest Report on SMHI

Hedge Funds Weigh In On SEACOR Marine

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake 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 increased its holdings in SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after buying an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings 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 valued at $51,000 after buying an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC acquired a new stake in shares of SEACOR Marine during the 4th quarter valued at approximately $60,000. Finally, Raymond James Financial Inc. boosted its stake in shares of SEACOR Marine by 197.4% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.

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

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