Insider Selling: SEACOR Marine (NYSE:SMHI) VP Sells $84,942.60 in Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) VP Andrew Everett II sold 10,565 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $8.04, for a total transaction of $84,942.60. Following the completion of the transaction, the vice president directly owned 273,595 shares of the company’s stock, valued at $2,199,703.80. The trade was a 3.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SEACOR Marine Price Performance

NYSE:SMHI opened at $7.61 on Friday. SEACOR Marine Holdings Inc. has a 12-month low of $4.70 and a 12-month high of $8.18. The firm has a market cap of $205.79 million, a price-to-earnings ratio of -6.98 and a beta of 1.10. The company’s 50-day moving average is $7.38 and its two-hundred day moving average is $7.14. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20.

SEACOR Marine (NYSE:SMHI) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.61) 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 the consensus estimate of $49.30 million. SEACOR Marine had a negative net margin of 13.00% and a negative return on equity of 12.38%. Research analysts expect that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Institutional Trading of SEACOR Marine

Institutional investors and hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares during the period. Renaissance Technologies LLC raised its holdings in shares of SEACOR Marine by 1.8% during the 1st quarter. Renaissance Technologies LLC now owns 120,400 shares of the company’s stock valued at $862,000 after buying an additional 2,100 shares during the period. Oppenheimer & Close LLC lifted its position in SEACOR Marine by 0.5% during the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after acquiring an additional 2,911 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in SEACOR Marine by 7.9% in the 1st 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. Finally, Glenorchy Capital Ltd boosted its holdings in SEACOR Marine by 2.5% in the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after acquiring an additional 4,574 shares during the period. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on SMHI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Wall Street Zen raised SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, SEACOR Marine presently has a consensus rating of “Hold” and an average 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.