SEACOR Marine (NYSE:SMHI) VP Andrew Everett II Sells 63,124 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 63,124 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $9.14, for a total value of $576,953.36. Following the completion of the sale, the vice president owned 206,363 shares of the company’s stock, valued at $1,886,157.82. The trade was a 23.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

SEACOR Marine Price Performance

NYSE SMHI traded down $0.12 on Friday, reaching $9.43. 116,226 shares of the company’s stock traded hands, compared to its average volume of 122,115. The stock has a market cap of $255.06 million, a PE ratio of -13.27 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 12 month low of $4.70 and a 12 month high of $9.61. The stock has a 50-day simple moving average of $7.61 and a 200 day simple moving average of $7.37. 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 (NYSE:SMHI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.63%. The firm had revenue of $54.63 million during the quarter, compared to analyst estimates of $45.60 million. As a group, research analysts predict that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in shares of SEACOR Marine by 781.0% in the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after purchasing an additional 5,069 shares during the period. Renaissance Technologies LLC grew its stake in SEACOR Marine by 1.8% in the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after purchasing an additional 2,100 shares during the period. Hilltop Holdings Inc. bought a new position in SEACOR Marine in the first quarter worth $147,000. Bank of New York Mellon Corp raised its holdings in SEACOR Marine by 7.9% in the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Barclays PLC lifted its position in SEACOR Marine by 9.5% during the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after buying an additional 5,060 shares during the period. 59.05% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SEACOR Marine currently has an average rating of “Hold” and an average price target of $10.00.

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.