Key Points
- SEACOR Marine CAO Gregory Scott Rossmiller sold 9,601 shares on June 16 at an average price of $7.17, worth about $68,839. The sale reduced his ownership by 3.37%, and he also sold 9,670 shares the prior day.
- The stock was trading near $7.16 and was down 0.8% at the time of the report. SEACOR Marine has a market cap of about $193.6 million and a 52-week range of $4.70 to $8.17.
- Recent results showed mixed performance: the company beat EPS expectations with a loss of $0.61 per share versus the expected $0.92 loss, but revenue of $44.28 million came in below estimates. Analysts currently have a consensus rating of Hold with a $10 price target.
SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CAO Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $7.17, for a total value of $68,839.17. Following the sale, the chief accounting officer owned 275,470 shares in the company, valued at $1,975,119.90. The trade was a 3.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Gregory Scott Rossmiller also recently made the following trade(s):
- On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The stock was sold at an average price of $7.27, for a total value of $70,300.90.
SEACOR Marine Trading Down 0.8%
NYSE SMHI opened at $7.16 on Wednesday. The stock has a market capitalization of $193.63 million, a price-to-earnings ratio of -6.56 and a beta of 1.10. SEACOR Marine Holdings Inc. has a one year low of $4.70 and a one year high of $8.17. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.36 and a quick ratio of 2.32. The business's fifty day moving average is $7.40 and its 200-day moving average is $7.11.
SEACOR Marine (NYSE:SMHI - Get Free Report) last released its 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. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%.The company had revenue of $44.28 million for the quarter, compared to analysts' expectations of $49.30 million. Equities research analysts predict that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently weighed in on SMHI. Wall Street Zen raised SEACOR Marine from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of SEACOR Marine in a report on Monday, April 20th. Finally, Clarkson Capital raised SEACOR Marine from a "neutral" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Monday, March 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $10.00.
View Our Latest Analysis on SEACOR Marine
Institutional Investors Weigh In On SEACOR Marine
Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company's stock worth $26,000 after acquiring an additional 1,699 shares during the last quarter. Royal Bank of Canada grew its holdings in SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company's stock valued at $41,000 after buying an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock valued at $51,000 after buying an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in SEACOR Marine during the 4th quarter valued at about $60,000. Finally, Raymond James Financial Inc. grew its holdings in SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock valued at $98,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company's stock.
About SEACOR Marine
(
Get Free Report)
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.
Further Reading
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