SEACOR Marine Holdings Inc. (NYSE:SMHI – Get Free Report) CFO Jesus Llorca sold 14,461 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $8.03, for a total value of $116,121.83. Following the completion of the transaction, the chief financial officer directly owned 497,406 shares in the company, valued at $3,994,170.18. This trade represents a 2.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Jesus Llorca also recently made the following trade(s):
- On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total value of $13,224.98.
- On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was sold at an average price of $7.98, for a total value of $95,464.74.
- 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 value of $111,559.36.
SEACOR Marine Trading Down 4.6%
Shares of SEACOR Marine stock traded down $0.37 during trading hours on Tuesday, reaching $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 price-to-earnings ratio of -7.02 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 1 year low of $4.70 and a 1 year high of $8.18. 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 firm has a 50 day simple moving average of $7.36 and a two-hundred day simple moving average of $7.13.
Analysts Set New Price Targets
Several research firms have recently issued reports on SMHI. Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report 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 for the company in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Check Out Our Latest Report on SEACOR Marine
Hedge Funds Weigh In On SEACOR Marine
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in 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 acquiring an additional 1,699 shares in the last quarter. Royal Bank of Canada lifted its position 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 purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SEACOR Marine by 289.7% during 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 purchased a new position in shares of SEACOR Marine in the fourth quarter valued at $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 valued at $98,000 after purchasing 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
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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