SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 1,386 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 1,386 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $8.01, for a total value of $11,101.86. Following the sale, the chief financial officer directly owned 494,371 shares of the company’s stock, valued at $3,959,911.71. This represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was 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 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 transaction of $111,559.36.

SEACOR Marine Stock Performance

SEACOR Marine stock traded up $0.06 during midday trading on Tuesday, hitting $7.43. The stock had a trading volume of 7,375 shares, compared to its average volume of 119,378. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $8.18. The company has a market capitalization of $201.08 million, a PE ratio of -6.82 and a beta of 1.10. The firm’s fifty day moving average is $7.40 and its two-hundred day moving average is $7.15. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20.

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

Institutional Investors Weigh In On SEACOR Marine

Several institutional investors and hedge funds have recently modified their holdings of SMHI. BNP Paribas Financial Markets boosted its position in shares of SEACOR Marine by 75.1% during 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 during the last quarter. Renaissance Technologies LLC increased its holdings in 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 acquiring an additional 2,100 shares during the last quarter. Oppenheimer & Close LLC lifted its stake in SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after purchasing an additional 2,911 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 worth $383,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Glenorchy Capital Ltd boosted its holdings in shares of SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after purchasing an additional 4,574 shares during the last quarter. Institutional investors own 59.05% of the company’s stock.

Analyst Upgrades and Downgrades

SMHI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, March 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

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.