Key Points
- SEACOR Marine CFO Jesús Llorca sold 4,000 shares at $10.00 each for proceeds of $40,000, reducing his holdings by 1.03% to 382,981 shares.
- The sale follows a broader series of insider transactions, including the sale of 60,823 shares for approximately $554,706 on July 30 and additional sales throughout August.
- SEACOR Marine recently beat quarterly expectations with EPS of $0.12 versus an estimated loss of $1.24 and revenue of $54.63 million, while analyst sentiment remains mixed with a consensus “Hold” rating and a $10.00 target price.
SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesús Llorca sold 4,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $10.00, for a total value of $40,000.00. Following the completion of the transaction, the chief financial officer directly owned 382,981 shares in the company, valued at $3,829,810. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Jesus Llorca also recently made the following trade(s):
- On Friday, August 21st, Jesús Llorca sold 401 shares of SEACOR Marine stock. The stock was sold at an average price of $10.00, for a total value of $4,010.00.
- On Monday, August 17th, Jesús Llorca sold 3,207 shares of SEACOR Marine stock. The stock was sold at an average price of $9.85, for a total value of $31,588.95.
- On Friday, August 14th, Jesús Llorca sold 5,927 shares of SEACOR Marine stock. The shares were sold at an average price of $9.78, for a total value of $57,966.06.
- On Thursday, August 13th, Jesús 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, Jesús Llorca sold 2,840 shares of SEACOR Marine stock. The stock was sold at an average price of $9.76, for a total value of $27,718.40.
- On Tuesday, August 11th, Jesús 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, Jesús 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, Jesús 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, Jesús 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, Jesús 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.
SEACOR Marine Stock Performance
NYSE SMHI opened at $9.75 on Friday. The company has a fifty day moving average of $8.81 and a two-hundred day moving average of $7.91. The company has a market capitalization of $264.55 million, a PE ratio of -13.73 and a beta of 1.08. SEACOR Marine Holdings Inc. has a 1 year low of $5.55 and a 1 year high of $10.00. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.35.
SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.24) by $1.36. The firm had revenue of $54.63 million during the quarter, compared to analysts' expectations of $45.60 million. SEACOR Marine had a negative return on equity of 8.72% and a negative net margin of 8.62%. As a group, analysts expect that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current year.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of SEACOR Marine in a research note on Friday, July 17th. 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 data from MarketBeat, SEACOR Marine currently has a consensus rating of "Hold" and a consensus target price of $10.00.
Get Our Latest Stock Report on SMHI
Institutional Investors Weigh In On SEACOR Marine
Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of SEACOR Marine by 75.1% during the third 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 period. Royal Bank of Canada increased its stake in SEACOR Marine by 781.0% in 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 during the period. Tower Research Capital LLC TRC increased its stake in SEACOR Marine by 289.7% in 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. Valeo Financial Advisors LLC purchased a new position in SEACOR Marine during the 4th quarter worth $60,000. Finally, Raymond James Financial Inc. lifted its stake in shares of SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock worth $98,000 after acquiring an additional 10,000 shares during the period. 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.
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