SEACOR Marine Holdings Inc. (NYSE:SMHI – Get Free Report) VP Andrew Everett II sold 4,116 shares of SEACOR Marine stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total transaction of $41,160.00. Following the completion of the sale, the vice president directly owned 194,279 shares in the company, valued at approximately $1,942,790. This represents a 2.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
SEACOR Marine Stock Down 0.1%
SMHI opened at $9.75 on Monday. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $10.00. The company’s 50-day moving average price is $8.81 and its two-hundred day moving average price is $7.91. The stock has a market cap of $264.52 million, a price-to-earnings ratio of -13.73 and a beta of 1.08. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15.
SEACOR Marine (NYSE:SMHI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.24) by $1.36. The company had revenue of $54.63 million during the quarter, compared to analyst estimates of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. As a group, equities analysts expect that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.
Hedge Funds Weigh In On SEACOR Marine
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.
Check Out Our Latest Report on SEACOR Marine
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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