Insider Selling: SEACOR Marine (NYSE:SMHI) CFO Sells $127,798.66 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 13,054 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $9.79, for a total value of $127,798.66. Following the transaction, the chief financial officer directly owned 398,559 shares in the company, valued at $3,901,892.61. This represents a 3.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total transaction of $554,705.76.
• On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The stock was sold at an average price of $8.01, for a total transaction of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was sold at an average price of $8.02, for a total transaction 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 transaction 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 transaction 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 transaction of $111,559.36.

SEACOR Marine Trading Down 0.6%

Shares of SMHI opened at $9.67 on Friday. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $9.88. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $262.35 million, a P/E ratio of -13.62 and a beta of 1.10. The firm’s 50-day moving average is $8.04 and its two-hundred day moving average is $7.60.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in SEACOR Marine in the 2nd quarter valued at about $12,188,000. Robotti Robert purchased a new stake in shares of SEACOR Marine during the second quarter worth about $5,456,000. Bank of New York Mellon Corp acquired a new position in shares of SEACOR Marine in the second quarter valued at approximately $402,000. JPMorgan Chase & Co. lifted its stake in shares of SEACOR Marine by 21.2% during the third quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock valued at $1,112,000 after buying an additional 29,955 shares during the period. Finally, Deutsche Bank AG purchased a new position in shares of SEACOR Marine during the second quarter valued at approximately $166,000. Institutional investors and hedge funds own 59.05% of the company’s stock.

Wall Street Analyst Weigh In

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