8,334 Shares in Tidewater Inc. (NYSE:TDW) Acquired by Deuterium Capital Management LLC

Deuterium Capital Management LLC bought a new stake in Tidewater Inc. (NYSE:TDW) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,334 shares of the oil and gas company’s stock, valued at approximately $462,000.

Several other hedge funds also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in shares of Tidewater during the first quarter worth $44,000. Tower Research Capital LLC TRC raised its stake in shares of Tidewater by 36.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 270 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Tidewater by 59.9% in the first quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 410 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in shares of Tidewater during the third quarter worth about $51,000. Finally, Strs Ohio bought a new position in shares of Tidewater during the first quarter worth about $52,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Robert Robotti acquired 1,486 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was bought at an average price of $67.32 per share, with a total value of $100,037.52. Following the transaction, the director now directly owns 3,235,657 shares in the company, valued at approximately $217,824,429.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.59% of the company’s stock.

Wall Street Analyst Weigh In

TDW has been the subject of a number of recent research reports. BTIG Research upped their price target on Tidewater from $75.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, September 20th. StockNews.com cut shares of Tidewater from a “hold” rating to a “sell” rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Tidewater has an average rating of “Moderate Buy” and a consensus target price of $88.67.

Tidewater Stock Up 0.4 %

Shares of Tidewater stock traded up $0.21 on Tuesday, reaching $57.19. 107,270 shares of the company were exchanged, compared to its average volume of 816,658. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 42.35 and a beta of 1.33. The company has a current ratio of 1.73, a quick ratio of 1.65 and a debt-to-equity ratio of 0.62. Tidewater Inc. has a one year low of $28.59 and a one year high of $73.55. The company has a 50-day moving average of $66.62 and a 200 day moving average of $59.03.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore crude oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.