SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 14,461 Shares

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 14,461 shares of SEACOR Marine stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $8.03, for a total transaction of $116,121.83. Following the completion of the transaction, the chief financial officer directly owned 497,406 shares of the company’s stock, valued at approximately $3,994,170.18. This trade represents a 2.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• 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 transaction of $13,224.98.
• 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 stock was sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Price Performance

Shares of NYSE SMHI opened at $7.65 on Wednesday. The business’s 50 day moving average price is $7.36 and its two-hundred day moving average price is $7.13. The company has a market cap of $207.01 million, a PE ratio of -7.02 and a beta of 1.10. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $8.18.

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

Institutional Trading of SEACOR Marine

Several hedge funds have recently added to or reduced their stakes in SMHI. Renaissance Technologies LLC increased its position in SEACOR Marine by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock worth $862,000 after buying an additional 2,100 shares during the period. Hilltop Holdings Inc. acquired a new position in shares of SEACOR Marine in the first quarter valued at about $147,000. Bank of New York Mellon Corp increased its position in SEACOR Marine by 7.9% during the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company’s stock worth $383,000 after acquiring an additional 3,937 shares during the period. Wells Fargo & Company MN increased its position in SEACOR Marine by 55.4% during the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock worth $147,000 after acquiring an additional 8,733 shares during the period. Finally, Raymond James Financial Inc. increased its position in SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after acquiring an additional 10,000 shares during the period. 59.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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