Gregory Scott Rossmiller Sells 9,601 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,601 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $7.17, for a total value of $68,839.17. Following the sale, the chief accounting officer owned 275,470 shares in the company, valued at approximately $1,975,119.90. This trade represents a 3.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The stock was sold at an average price of $7.27, for a total value of $70,300.90.

SEACOR Marine Price Performance

Shares of NYSE SMHI opened at $6.98 on Thursday. The stock’s 50-day moving average is $7.39 and its two-hundred day moving average is $7.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. SEACOR Marine Holdings Inc. has a 1-year low of $4.70 and a 1-year high of $8.17. The company has a market cap of $188.74 million, a price-to-earnings ratio of -6.40 and a beta of 1.10.

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, topping the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The company had revenue of $44.28 million for the quarter, compared to the consensus estimate of $49.30 million. Analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current fiscal year.

Analyst Ratings Changes

SMHI has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a research report on Monday, April 20th. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Clarkson Capital raised SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Monday, March 16th. One equities research 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 data from MarketBeat, SEACOR Marine presently has an average rating of “Hold” and an average target price of $10.00.

Institutional Trading of SEACOR Marine

A number of large investors have recently made changes to their positions in SMHI. Glenorchy Capital Ltd boosted its position in shares of SEACOR Marine by 2.5% in 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 period. Tower Research Capital LLC TRC boosted its position in shares of SEACOR Marine by 289.7% in the 2nd 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. boosted its position in shares of SEACOR Marine by 21.2% in the 3rd 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. GSA Capital Partners LLP boosted its position in shares of SEACOR Marine by 160.3% in the 3rd quarter. GSA Capital Partners LLP now owns 46,215 shares of the company’s stock valued at $300,000 after purchasing an additional 28,458 shares during the period. Finally, Barington Companies Management LLC acquired a new stake in shares of SEACOR Marine in the 3rd quarter valued at about $162,000. 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.