SEACOR Marine (NYSE:SMHI) Stock Jumps 5.4% – Should You Buy?

SEACOR Marine Holdings Inc. (NYSE:SMHI) traded up 5.4% during mid-day trading on Monday. The company traded as high as $8.72 and last traded at $8.7130. Approximately 86,135 shares were traded during trading, a decline of 5% from the average daily volume of 90,384 shares. The stock had previously closed at $8.27.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, SEACOR Marine has a consensus rating of “Hold” and a consensus price target of $10.00.

SEACOR Marine Price Performance

The firm has a market capitalization of $236.38 million, a price-to-earnings ratio of -12.27 and a beta of 1.16. The stock’s fifty day moving average price is $9.32 and its two-hundred day moving average price is $8.13. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15.

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

Insider Activity at SEACOR Marine

In related news, CFO Jesús Llorca sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total value of $40,000.00. Following the completion of the sale, the chief financial officer directly owned 382,981 shares of the company’s stock, valued at $3,829,810. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew Everett, II sold 4,116 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total transaction of $41,160.00. Following the completion of the transaction, the vice president owned 194,279 shares of the company’s stock, valued at $1,942,790. This represents a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 194,909 shares of company stock valued at $1,808,687 over the last ninety days. Insiders own 16.80% of the company’s stock.

Institutional Trading of SEACOR Marine

A number of large investors have recently made changes to their positions in SMHI. Wellington Management Group LLP grew its stake in SEACOR Marine by 16.9% during the 2nd quarter. Wellington Management Group LLP now owns 22,297 shares of the company’s stock worth $171,000 after buying an additional 3,223 shares during the last quarter. Empowered Funds LLC purchased a new stake in SEACOR Marine in the second quarter valued at approximately $162,000. Bank of America Corp DE purchased a new stake in SEACOR Marine in the second quarter valued at approximately $382,000. Flat Footed LLC acquired a new stake in shares of SEACOR Marine in the second quarter valued at approximately $5,230,895. Finally, Robotti Robert acquired a new stake in shares of SEACOR Marine in the second quarter valued at approximately $5,456,000. 59.05% of the stock is owned by institutional investors and hedge funds.

About SEACOR Marine

SEACOR Marine Holdings Inc (NYSE: SMHI) provides marine transportation and support services to customers operating in offshore energy and other marine industries. Its services support offshore oil and natural gas exploration and production, offshore wind farm construction and maintenance, and related maritime activities.

The company operates a fleet of offshore support vessels, including platform supply vessels, fast support vessels, crew transport vessels, anchor-handling tug supply vessels and other specialized craft.