SEACOR Marine (NYSE:SMHI) VP Sells 4,116 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 4,116 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total transaction of $41,160.00. Following the sale, the vice president owned 194,279 shares of the company’s stock, valued at approximately $1,942,790. This represents a 2.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

SEACOR Marine Stock Performance

Shares of SMHI stock traded up $0.01 during midday trading on Friday, hitting $9.75. 72,392 shares of the company were exchanged, compared to its average volume of 118,355. SEACOR Marine Holdings Inc. has a 52 week low of $5.55 and a 52 week high of $10.00. The firm has a market capitalization of $264.52 million, a P/E ratio of -13.73 and a beta of 1.08. The firm’s 50 day moving average price is $8.77 and its two-hundred day moving average price is $7.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($1.24) by $1.36. The firm had revenue of $54.63 million for 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%. As a group, equities research analysts anticipate that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One equities 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 stock. Based on data from MarketBeat, SEACOR Marine has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Investors Weigh In On SEACOR Marine

Institutional investors have recently made changes to their positions in the stock. Flat Footed LLC acquired a new position in SEACOR Marine in the 2nd quarter valued at $5,230,895. Robotti Robert acquired a new stake in shares of SEACOR Marine during the 2nd quarter worth $5,456,000. Empowered Funds LLC acquired a new stake in shares of SEACOR Marine during the 2nd quarter worth $162,000. Bank of America Corp DE bought a new position in shares of SEACOR Marine in the second quarter worth $382,000. Finally, BlackRock Inc. bought a new position in shares of SEACOR Marine in the second quarter worth $12,188,000. 59.05% of the stock is currently owned by institutional investors.

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.