Gregory Scott Rossmiller Sells 27,741 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 27,741 shares of SEACOR Marine stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $9.16, for a total transaction of $254,107.56. Following the sale, the chief accounting officer owned 244,506 shares in the company, valued at $2,239,674.96. This represents a 10.19% decrease in their ownership of the stock. The sale 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.
• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The shares were sold at an average price of $7.27, for a total transaction of $70,300.90.

SEACOR Marine Trading Down 1.2%

NYSE SMHI opened at $9.43 on Friday. The firm’s fifty day moving average is $7.66 and its two-hundred day moving average is $7.38. SEACOR Marine Holdings Inc. has a one year low of $4.70 and a one year high of $9.61. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.32 and a current ratio of 2.38. The firm has a market cap of $255.70 million, a PE ratio of -13.27 and a beta of 1.10.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%.The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. Analysts expect that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.

Trending Headlines about SEACOR Marine

Here are the key news stories impacting SEACOR Marine this week:

• Positive Sentiment: B. Riley Securities assigned SEACOR Marine a Buy rating, adding fresh bullish analyst coverage and potentially supporting the stock’s recent momentum. No price target was provided in the report. SEACOR Marine Gets a Buy from B. Riley Securities
• Positive Sentiment: Recent quarterly results materially exceeded expectations: SEACOR Marine reported EPS of $0.12 versus the consensus estimate of a $1.24 loss, while revenue of $54.63 million topped the $45.60 million forecast. The earnings beat is a key reason investors have repriced the shares higher, although the company remains unprofitable on a net-margin and return-on-equity basis.
• Neutral Sentiment: Institutional ownership remains significant at 59.05%. Several investors, including BNP Paribas Financial Markets, Royal Bank of Canada, Tower Research Capital and Raymond James, increased their positions in recent reporting periods. These holdings may provide some institutional support, but the transactions are not necessarily current.
• Negative Sentiment: Multiple executives sold shares following the recent rally. CFO Jesus Llorca sold 60,823 shares for approximately $554,706, CAO Gregory Rossmiller sold 27,741 shares for about $254,108, and VP Andrew Everett II sold a combined 64,761 shares for roughly $592,570. The sales reduced their respective holdings by approximately 12.9%, 10.2% and 24.2%, creating a potential near-term sentiment overhang. SEACOR Marine Insider Trading Activity
• Negative Sentiment: Analyst opinion remains mixed. MarketBeat reports a consensus rating of Hold, with one Buy, one Hold and one Sell rating, while Weiss Ratings reaffirmed a Sell rating. The average target price of $10.00 offers limited upside from recent levels, suggesting valuation and profitability concerns remain.

Hedge Funds Weigh In On SEACOR Marine

A number of large investors have recently modified their holdings of the business. Glenorchy Capital Ltd boosted its stake in shares of SEACOR Marine by 2.5% in the second 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 in the last quarter. Tower Research Capital LLC TRC grew 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 acquiring an additional 7,406 shares during the period. JPMorgan Chase & Co. raised its position in SEACOR Marine by 21.2% in 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. BNP Paribas Financial Markets raised 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 worth $26,000 after acquiring an additional 1,699 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after purchasing an additional 10,000 shares in the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

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.