SEACOR Marine (NYSE:SMHI) CFO Sells $40,000.00 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesús Llorca sold 4,000 shares of SEACOR Marine stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total transaction of $40,000.00. Following the completion of the transaction, the chief financial officer directly owned 382,981 shares in the company, valued at $3,829,810. This represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, August 21st, Jesús Llorca sold 401 shares of SEACOR Marine stock. The shares were sold at an average price of $10.00, for a total value of $4,010.00.
• On Monday, August 17th, Jesús Llorca sold 3,207 shares of SEACOR Marine stock. The stock was sold at an average price of $9.85, for a total value of $31,588.95.
• On Friday, August 14th, Jesús Llorca sold 5,927 shares of SEACOR Marine stock. The stock was sold at an average price of $9.78, for a total value of $57,966.06.
• On Thursday, August 13th, Jesús Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $14,654.25.
• On Wednesday, August 12th, Jesús 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, Jesús 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, Jesús 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, Jesús Llorca sold 60,823 shares of SEACOR Marine stock. The shares were sold at an average price of $9.12, for a total transaction of $554,705.76.
• On Wednesday, July 1st, Jesús 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, Jesús Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total transaction of $13,224.98.

SEACOR Marine Stock Performance

SMHI stock traded up $0.01 during trading on Friday, reaching $9.75. The company had a trading volume of 72,392 shares, compared to its average volume of 118,355. The company has a market cap of $264.52 million, a price-to-earnings ratio of -13.73 and a beta of 1.08. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $10.00. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38. The firm has a 50-day simple moving average of $8.77 and a 200-day simple moving average of $7.89.

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

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of SEACOR Marine by 781.0% in the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after acquiring an additional 5,069 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of SEACOR Marine by 289.7% in 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. Valeo Financial Advisors LLC acquired a new stake in shares of SEACOR Marine in the fourth quarter worth $60,000. Finally, Raymond James Financial Inc. raised its holdings 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 during 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 restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Friday, July 17th. 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. Based on data from MarketBeat.com, the company presently 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.