SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 14,432 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,432 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $7.73, for a total value of $111,559.36. Following the transaction, the chief financial officer directly owned 523,830 shares in the company, valued at $4,049,205.90. The trade was a 2.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jesus Llorca also recently made the following trade(s):

• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was sold at an average price of $7.98, for a total value of $95,464.74.

SEACOR Marine Trading Down 8.1%

NYSE:SMHI opened at $7.22 on Thursday. 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 Holdings Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.17. The stock’s 50-day moving average is $7.35 and its two-hundred day moving average is $7.12. The stock has a market cap of $195.51 million, a PE ratio of -6.63 and a beta of 1.10.

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

Analysts Set New Price Targets

SMHI has been the subject of a number of research analyst reports. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Monday, March 16th. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Finally, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $10.00.

Institutional Investors Weigh In On SEACOR Marine

Several large investors have recently made changes to their positions in SMHI. BNP Paribas Financial Markets raised its position in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after acquiring an additional 1,699 shares in the last quarter. Royal Bank of Canada grew its position in SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after acquiring an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SEACOR Marine during the 4th quarter worth $60,000. Finally, Raymond James Financial Inc. raised its holdings in shares of SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

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.