SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 2,840 Shares of Stock

SEACOR Marine Holdings Inc. (NYSE:SMHI) CFO Jesus Llorca sold 2,840 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $9.76, for a total transaction of $27,718.40. Following the transaction, the chief financial officer directly owned 395,719 shares in the company, valued at approximately $3,862,217.44. The trade was a 0.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The shares were sold at an average price of $9.78, for a total transaction of $57,966.06.
• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total value of $14,654.25.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The shares were 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 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 value 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 shares were 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 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 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 shares were sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Price Performance

SEACOR Marine stock traded up $0.17 during mid-day trading on Friday, hitting $9.82. The company’s stock had a trading volume of 74,832 shares, compared to its average volume of 120,809. 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 Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $9.88. The stock’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $7.60. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15.

SEACOR Marine (NYSE:SMHI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($1.24) by $1.36. The business had revenue of $54.63 million during 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%. Research analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.

Institutional Trading of SEACOR Marine

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in SEACOR Marine during the 2nd quarter valued at approximately $12,188,000. Robotti Robert bought a new position in SEACOR Marine during the second quarter worth about $5,456,000. Oppenheimer & Close LLC boosted its stake in SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock valued at $3,334,000 after buying an additional 2,911 shares in the last quarter. Geode Capital Management LLC increased its position in shares of SEACOR Marine by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock worth $2,925,000 after purchasing an additional 5,117 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of SEACOR Marine by 6.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company’s stock worth $1,327,000 after buying an additional 13,000 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently 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.