Insider Selling: SEACOR Marine (NYSE:SMHI) VP Sells $15,616.98 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 1,637 shares of SEACOR Marine stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $9.54, for a total transaction of $15,616.98. Following the completion of the transaction, the vice president directly owned 204,726 shares of the company’s stock, valued at approximately $1,953,086.04. This trade represents a 0.79% 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 Stock Down 0.1%

SEACOR Marine stock opened at $9.43 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.35. The company’s 50-day moving average is $7.66 and its 200-day moving average is $7.39. The firm has a market capitalization of $255.73 million, a PE ratio of -13.27 and a beta of 1.10. SEACOR Marine Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $9.61.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research note 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SEACOR Marine presently has a consensus rating of “Hold” and an average price target of $10.00.

Hedge Funds Weigh In On SEACOR Marine

Several large investors have recently modified their holdings of SMHI. Oppenheimer & Close LLC lifted its stake in shares of SEACOR Marine by 0.5% during the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after buying an additional 2,911 shares during the last quarter. Geode Capital Management LLC grew its stake in SEACOR Marine by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock valued at $2,925,000 after buying an additional 5,117 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in SEACOR Marine by 6.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock valued at $1,327,000 after buying an additional 13,000 shares during the last quarter. Glenorchy Capital Ltd grew its stake in SEACOR Marine by 4.3% in the 4th quarter. Glenorchy Capital Ltd now owns 192,803 shares of the company’s stock valued at $1,161,000 after buying an additional 7,952 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in 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 acquiring an additional 29,955 shares during the period. 59.05% of the stock is owned by institutional investors.

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.