SEACOR Marine (NYSE:SMHI) CAO Sells $70,300.90 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,670 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $7.27, for a total value of $70,300.90. Following the transaction, the chief accounting officer directly owned 285,071 shares of the company’s stock, valued at $2,072,466.17. The trade was a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The stock was sold at an average price of $7.17, for a total value of $68,839.17.

SEACOR Marine Stock Down 0.8%

SMHI traded down $0.06 on Tuesday, hitting $7.16. 107,604 shares of the company were exchanged, compared to its average volume of 108,607. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $8.17. The company has a market cap of $193.61 million, a price-to-earnings ratio of -6.56 and a beta of 1.10. 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 moving average price of $7.40 and a two-hundred day moving average price of $7.11.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SMHI shares. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Clarkson Capital raised SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of SEACOR Marine

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its position in shares of SEACOR Marine by 1.8% in the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after purchasing an additional 2,100 shares during the period. Hilltop Holdings Inc. acquired a new stake in shares of SEACOR Marine in the 1st quarter valued at about $147,000. Bank of New York Mellon Corp boosted its position in shares of SEACOR Marine by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock valued at $383,000 after purchasing an additional 3,937 shares during the period. Oppenheimer & Close LLC boosted its position in shares of SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after purchasing an additional 2,911 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of SEACOR Marine by 197.4% in the 3rd 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. 59.05% of the stock is owned by institutional investors and hedge funds.

SEACOR Marine Company Profile

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.