Key Points
- SEACOR Marine CFO Jesus Llorca sold 14,461 shares on June 29 at an average price of $8.03, generating about $116,122 in proceeds. After the sale, he still owned 497,406 shares, and the transaction reduced his stake by 2.83%.
- Llorca also made multiple additional insider sales in late June, including 1,649 shares on June 30, 11,963 shares on June 23, and 14,432 shares on June 22.
- SEACOR Marine recently reported a smaller-than-expected quarterly loss, but revenue missed estimates, and analysts currently rate the stock a consensus Hold with a $10.00 price target.
SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 1,649 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $8.02, for a total transaction of $13,224.98. Following the transaction, the chief financial officer directly owned 495,757 shares in the company, valued at approximately $3,975,971.14. This represents a 0.33% 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 Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were 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 stock was sold at an average price of $7.73, for a total value of $111,559.36.
SEACOR Marine Trading Down 4.6%
Shares of SMHI opened at $7.65 on Wednesday. The company has a current ratio of 2.36, a quick ratio of 2.32 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $207.01 million, a P/E ratio of -7.02 and a beta of 1.10. The stock's fifty day simple moving average is $7.36 and its 200 day simple moving average is $7.13. SEACOR Marine Holdings Inc. has a twelve month low of $4.70 and a twelve month high of $8.18.
SEACOR Marine (NYSE:SMHI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.92) by $0.31. The firm had revenue of $44.28 million during the quarter, compared to the consensus estimate of $49.30 million. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%. On average, equities research analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.
Analyst Upgrades and Downgrades
SMHI has been the subject of a number of research reports. Wall Street Zen upgraded SEACOR Marine from a "sell" rating to a "hold" rating in a report on Sunday, March 8th. Clarkson Capital upgraded shares of SEACOR Marine from a "neutral" rating to a "buy" rating and set a $10.00 price target on the stock in a report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of SEACOR Marine in a research report on Monday, April 20th. One equities research 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $10.00.
Get Our Latest Research Report on SMHI
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Glenorchy Capital Ltd boosted its position 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 worth $945,000 after buying an additional 4,574 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of 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 during the period. JPMorgan Chase & Co. raised its holdings in shares of SEACOR Marine by 21.2% during the 3rd 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 period. Barington Companies Management LLC acquired a new position in SEACOR Marine during the 3rd quarter worth approximately $162,000. Finally, BNP Paribas Financial Markets lifted its position in SEACOR Marine by 75.1% during 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 in the last quarter. Institutional investors and hedge funds 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.
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