Key Points
- SEACOR Marine CFO Jesus Llorca sold 13,054 shares at an average price of $9.79, generating approximately $127,799. After the transaction, he retained 398,559 shares, a 3.17% reduction in ownership.
- Llorca has made several additional sales in recent months, including 60,823 shares on July 30 for roughly $554,706. The repeated insider selling follows a rise in SMHI shares toward their 52-week high of $9.88.
- SEACOR Marine reported quarterly EPS of $0.12, beating the $1.24 loss analysts expected, while revenue of $54.63 million exceeded estimates. Despite the earnings beat, analyst sentiment remains mixed, with a consensus “Hold” rating and a $10 average price target.
SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 13,054 shares of the business's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $9.79, for a total value of $127,798.66. Following the completion of the transaction, the chief financial officer owned 398,559 shares of the company's stock, valued at $3,901,892.61. This represents a 3.17% decrease in their ownership of the stock. The sale 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 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total transaction of $1,998.75.
- On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The shares were sold at an average price of $9.12, for a total transaction of $554,705.76.
- On Wednesday, July 1st, Jesus Llorca sold 1,386 shares of SEACOR Marine stock. The shares were 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 stock was 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 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 transaction of $111,559.36.
SEACOR Marine Price Performance
SMHI stock opened at $9.73 on Wednesday. The stock has a 50-day moving average price of $7.95 and a two-hundred day moving average price of $7.56. The stock has a market cap of $264.03 million, a PE ratio of -13.71 and a beta of 1.10. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. SEACOR Marine Holdings Inc. has a 1 year low of $5.55 and a 1 year high of $9.88.
SEACOR Marine (NYSE:SMHI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of ($1.24) by $1.36. The company had revenue of $54.63 million for 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%. Equities analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of 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 purchasing an additional 1,699 shares during the last quarter. Royal Bank of Canada raised its position in SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company's stock worth $41,000 after acquiring an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in SEACOR Marine by 289.7% in the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock valued at $51,000 after acquiring an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in SEACOR Marine in the fourth quarter valued at $60,000. Finally, Raymond James Financial Inc. lifted its stake in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock valued at $98,000 after acquiring an additional 10,000 shares during the last quarter. 59.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of SEACOR Marine in a report on Friday, July 17th. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.00.
Get Our Latest Analysis on SEACOR Marine
SEACOR Marine Company Profile
(
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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