Jesus Llorca Sells 5,927 Shares of SEACOR Marine (NYSE:SMHI) Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 5,927 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $9.78, for a total value of $57,966.06. Following the sale, the chief financial officer owned 388,289 shares of the company’s stock, valued at approximately $3,797,466.42. This represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $14,654.25.
• On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The shares were sold at an average price of $9.76, for a total value of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total value of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The stock was 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 shares were sold at an average price of $9.12, for a total value of $554,705.76.
• 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 stock was 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 shares were 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 shares were sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Stock Up 1.8%

NYSE:SMHI opened at $9.82 on Friday. The company’s 50-day simple moving average is $8.09 and its 200-day simple moving average is $7.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38. SEACOR Marine Holdings Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $9.88. The stock has a market capitalization of $266.44 million, a P/E ratio of -13.83 and a beta of 1.10.

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

Institutional Trading of SEACOR Marine

Several large investors have recently added to or reduced their stakes in SMHI. Glenorchy Capital Ltd increased its holdings 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 purchasing an additional 4,574 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of SEACOR Marine by 289.7% during the second 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 period. JPMorgan Chase & Co. boosted its position in SEACOR Marine by 21.2% in 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 last quarter. BNP Paribas Financial Markets boosted its position in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after buying an additional 1,699 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after buying an additional 10,000 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.