SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 1,649 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,649 shares of the stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $8.02, for a total value of $13,224.98. Following the transaction, the chief financial officer owned 495,757 shares of the company’s stock, valued at approximately $3,975,971.14. This trade represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Jesus Llorca also recently made the following trade(s):

• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were sold at an average price of $8.03, for a total value of $116,121.83.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The shares were 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 Stock Down 4.6%

Shares of NYSE:SMHI traded down $0.37 during mid-day trading on Tuesday, reaching $7.65. 159,999 shares of the stock were exchanged, compared to its average volume of 119,828. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. The company has a market cap of $207.01 million, a P/E ratio of -7.02 and a beta of 1.10. SEACOR Marine Holdings Inc. has a one year low of $4.70 and a one year high of $8.18. The stock’s 50 day simple moving average is $7.36 and its 200-day simple moving average is $7.13.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. Clarkson Capital upgraded shares of 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.00.

Institutional Investors Weigh In On SEACOR Marine

Institutional investors and hedge funds have recently made changes to their positions in the stock. Glenorchy Capital Ltd boosted its holdings in shares of SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after buying an additional 4,574 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 7,406 shares during the last quarter. JPMorgan Chase & Co. raised its position in SEACOR Marine by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after acquiring an additional 29,955 shares in the last quarter. Barington Companies Management LLC bought a new stake in SEACOR Marine during the third quarter worth $162,000. Finally, BNP Paribas Financial Markets lifted its stake 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 during the last quarter. 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.