SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 60,823 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 60,823 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $9.12, for a total transaction of $554,705.76. Following the completion of the transaction, the chief financial officer owned 411,818 shares of the company’s stock, valued at approximately $3,755,780.16. This trade represents a 12.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The shares were sold at an average price of $8.01, for a total value of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total value of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were sold at an average price of $8.03, for a total value of $116,121.83.
• 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.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Stock Performance

Shares of SMHI stock opened at $9.43 on Friday. The company has a market capitalization of $255.70 million, a P/E ratio of -13.27 and a beta of 1.10. The business’s 50 day moving average is $7.66 and its two-hundred day moving average is $7.38. The company has a current ratio of 2.38, a quick ratio of 2.32 and a debt-to-equity ratio of 1.15. SEACOR Marine Holdings Inc. has a 12-month low of $4.70 and a 12-month high of $9.61.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of ($1.24) by $1.36. The company had revenue of $54.63 million for the quarter, compared to analyst estimates of $45.60 million. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%. Analysts expect that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

A number of large investors have recently modified their holdings of SMHI. Glenorchy Capital Ltd raised its position in shares of SEACOR Marine by 2.5% in the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock valued at $945,000 after buying an additional 4,574 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after buying an additional 7,406 shares in the last quarter. JPMorgan Chase & Co. boosted its position in SEACOR Marine by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after acquiring an additional 29,955 shares during the last quarter. BNP Paribas Financial Markets boosted 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 worth $26,000 after acquiring an additional 1,699 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in 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 acquiring an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a research note on Friday, July 17th. One investment 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

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.