SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 60,823 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 60,823 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $9.12, for a total transaction of $554,705.76. Following the transaction, the chief financial officer directly owned 411,818 shares in the company, valued at approximately $3,755,780.16. This represents a 12.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction of $11,101.86.
• 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 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 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 shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Trading Down 1.2%

SMHI stock traded down $0.12 during trading on Friday, reaching $9.43. 116,226 shares of the stock traded hands, compared to its average volume of 122,115. The business’s 50 day moving average price is $7.61 and its 200-day moving average price is $7.37. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $9.61. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. The firm has a market capitalization of $255.06 million, a PE ratio of -13.27 and a beta of 1.10.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. The company had revenue of $54.63 million for the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative return on equity of 8.63% and a negative net margin of 8.62%. As a group, sell-side analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On SEACOR Marine

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Glenorchy Capital Ltd boosted its holdings in SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the period. JPMorgan Chase & Co. raised its stake in shares of SEACOR Marine by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after purchasing an additional 29,955 shares during the period. BNP Paribas Financial Markets lifted 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 purchasing an additional 1,699 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of SEACOR Marine by 197.4% during the third 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 institutional investors and hedge funds.

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.