Key Points
- SEACOR Marine CFO Jesus Llorca sold 3,207 shares at an average price of $9.85, generating $31,588.95. He retained 385,082 shares, and the sale reduced his direct ownership by 0.83%.
- Llorca has conducted several additional sales recently, including 60,823 shares on July 30 and 13,054 shares on August 11, indicating a broader pattern of insider selling.
- SEACOR Marine reported quarterly revenue of $54.63 million and earnings per share of $0.12, beating estimates, while analysts maintain a consensus “Hold” rating with a $10 target price.
SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 3,207 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $9.85, for a total transaction of $31,588.95. Following the transaction, the chief financial officer directly owned 385,082 shares in the company, valued at approximately $3,793,057.70. The trade was a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The shares were sold at an average price of $9.76, for a total transaction of $27,718.40.
- On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total transaction 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 shares were 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 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 shares were sold at an average price of $8.02, for a total value of $13,224.98.
- 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 value 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.
SEACOR Marine Trading Down 0.7%
NYSE:SMHI opened at $9.79 on Thursday. SEACOR Marine Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $9.96. The company has a market capitalization of $265.68 million, a PE ratio of -13.79 and a beta of 1.10. The company has a quick ratio of 2.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $8.24 and a 200-day simple moving average of $7.69.
SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($1.24) by $1.36. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. The firm had revenue of $54.63 million during the quarter, compared to the consensus estimate of $45.60 million. On average, equities research analysts expect that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SEACOR Marine
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenorchy Capital Ltd grew its position in 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 last quarter. Tower Research Capital LLC TRC raised its holdings in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock worth $51,000 after acquiring an additional 7,406 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of SEACOR Marine by 21.2% in 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 in the last quarter. BNP Paribas Financial Markets increased its stake 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. Finally, Raymond James Financial Inc. raised its holdings in SEACOR Marine by 197.4% during the third 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. 59.05% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $10.00.
Check Out Our Latest Analysis on SEACOR Marine
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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