Insider Selling: SEACOR Marine (NYSE:SMHI) Director Sells $52,150.00 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) Director Julie Persily sold 7,000 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $7.45, for a total transaction of $52,150.00. Following the transaction, the director owned 85,476 shares of the company’s stock, valued at $636,796.20. This represents a 7.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

SEACOR Marine Price Performance

SMHI stock opened at $7.44 on Friday. The firm has a 50 day moving average of $6.50 and a 200-day moving average of $5.89. The firm has a market capitalization of $200.73 million, a P/E ratio of -5.28 and a beta of 1.34. SEACOR Marine Holdings Inc. has a 12 month low of $3.63 and a 12 month high of $7.88. The company has a current ratio of 2.39, a quick ratio of 2.36 and a debt-to-equity ratio of 1.12.

SEACOR Marine (NYSE:SMHI) last posted its earnings results on Wednesday, October 29th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.59) by $0.76. The business had revenue of $59.19 million during the quarter, compared to analysts’ expectations of $65.89 million. SEACOR Marine had a negative return on equity of 6.67% and a negative net margin of 16.08%. As a group, sell-side analysts predict that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SMHI. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Wednesday, October 8th. Zacks Research upgraded shares of SEACOR Marine from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded shares of SEACOR Marine from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Clarkson Capital downgraded SEACOR Marine from a “buy” rating to a “neutral” rating and set a $7.00 price target on the stock. in a research report on Tuesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

Institutional Investors Weigh In On SEACOR Marine

Several institutional investors have recently bought and sold shares of the stock. Robotti Robert grew its position in shares of SEACOR Marine by 56.0% in the 1st quarter. Robotti Robert now owns 845,687 shares of the company’s stock worth $4,279,000 after buying an additional 303,537 shares during the last quarter. Cerity Partners LLC increased its position in shares of SEACOR Marine by 113.3% during the first quarter. Cerity Partners LLC now owns 449,073 shares of the company’s stock valued at $2,272,000 after buying an additional 238,509 shares during the period. Nuveen LLC purchased a new stake in SEACOR Marine in the first quarter worth about $444,000. First Eagle Investment Management LLC lifted its holdings in SEACOR Marine by 4.8% in the second quarter. First Eagle Investment Management LLC now owns 1,137,894 shares of the company’s stock worth $5,803,000 after buying an additional 52,000 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in SEACOR Marine by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after acquiring an additional 29,955 shares in the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

About SEACOR Marine

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.