Insider Selling: SEACOR Marine (NYSE:SMHI) CAO Sells $70,300.90 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CAO Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $7.27, for a total value of $70,300.90. Following the completion of the transaction, the chief accounting officer owned 285,071 shares of the company’s stock, valued at approximately $2,072,466.17. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Gregory Scott Rossmiller also recently made the following trade(s):

• On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The shares were sold at an average price of $7.17, for a total value of $68,839.17.

SEACOR Marine Stock Performance

NYSE:SMHI opened at $6.68 on Friday. The firm has a market capitalization of $180.81 million, a PE ratio of -6.13 and a beta of 1.10. The stock’s fifty day moving average is $7.38 and its 200 day moving average is $7.11. SEACOR Marine Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.17. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.61) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.31. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. The company had revenue of $44.28 million during the quarter, compared to analyst estimates of $49.30 million. On average, sell-side analysts anticipate that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on SMHI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Clarkson Capital raised shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, SEACOR Marine currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Trading of SEACOR Marine

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in shares of SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in SEACOR Marine by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after buying an additional 2,100 shares in the last quarter. Oppenheimer & Close LLC boosted its position in SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after buying an additional 2,911 shares during the period. Bank of New York Mellon Corp boosted its position in SEACOR Marine by 7.9% in the 1st quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock valued at $383,000 after buying an additional 3,937 shares during the period. Finally, Glenorchy Capital Ltd grew its stake in SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares in the last quarter. 59.05% of the stock is owned by hedge funds and other 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.