Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $57,966.06 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHIGet Free Report) CFO Jesus Llorca sold 5,927 shares of SEACOR Marine stock in a transaction on Friday, August 14th. The stock was sold at an average price of $9.78, for a total transaction of $57,966.06. Following the sale, the chief financial officer owned 388,289 shares of the company’s stock, valued at $3,797,466.42. The trade was a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $14,654.25.
  • On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The shares were sold at an average price of $9.76, for a total value of $27,718.40.
  • On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total value of $127,798.66.
  • On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total value of $1,998.75.
  • On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total value of $554,705.76.
  • On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The shares were sold at an average price of $8.01, for a total value of $11,101.86.
  • On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total value of $13,224.98.
  • On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The stock was 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 stock was 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 shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Price Performance

Shares of NYSE:SMHI opened at $9.82 on Monday. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $9.88. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The company has a market cap of $266.44 million, a PE ratio of -13.83 and a beta of 1.10. The company’s 50 day moving average is $8.09 and its 200 day moving average is $7.62.

SEACOR Marine (NYSE:SMHIGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($1.24) by $1.36. The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. On average, sell-side analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

Hedge Funds Weigh In On SEACOR Marine

Several institutional investors have recently made changes to their positions in the company. Robotti Robert acquired a new stake in SEACOR Marine during the second quarter valued at $5,456,000. BlackRock Inc. purchased a new position in SEACOR Marine in the second quarter valued at $12,188,000. Deutsche Bank AG acquired a new position in shares of SEACOR Marine in the second quarter worth about $166,000. Bank of New York Mellon Corp acquired a new position in shares of SEACOR Marine in the second quarter worth about $402,000. Finally, Royal Bank of Canada boosted its stake in shares of SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after acquiring an additional 5,069 shares in the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, SEACOR Marine has a consensus rating of “Hold” and a consensus target price of $10.00.

View Our Latest Research Report on SMHI

SEACOR Marine Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for SEACOR Marine (NYSE:SMHI)

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