Emerald Advisers LLC Sells 247,646 Shares of Tidewater Inc. (NYSE:TDW)

Emerald Advisers LLC decreased its holdings in Tidewater Inc. (NYSE:TDW - Free Report) by 97.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,478 shares of the oil and gas company's stock after selling 247,646 shares during the period. Emerald Advisers LLC's holdings in Tidewater were worth $274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDW. Hara Capital LLC grew its position in shares of Tidewater by 17.2% in the first quarter. Hara Capital LLC now owns 35,188 shares of the oil and gas company's stock valued at $1,487,000 after purchasing an additional 5,161 shares during the last quarter. Mraz Amerine & Associates Inc. grew its position in shares of Tidewater by 10.3% in the first quarter. Mraz Amerine & Associates Inc. now owns 43,313 shares of the oil and gas company's stock valued at $1,882,000 after purchasing an additional 4,057 shares during the last quarter. Huntleigh Advisors Inc. acquired a new position in shares of Tidewater in the first quarter valued at approximately $268,000. Principal Financial Group Inc. grew its position in Tidewater by 2.8% during the first quarter. Principal Financial Group Inc. now owns 283,950 shares of the oil and gas company's stock worth $12,003,000 after buying an additional 7,837 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in Tidewater by 1.5% during the first quarter. Illinois Municipal Retirement Fund now owns 27,448 shares of the oil and gas company's stock worth $1,160,000 after buying an additional 405 shares in the last quarter. Institutional investors own 95.13% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James Financial reduced their price target on Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $69.33.

Tidewater Trading Down 0.6%

Shares of TDW stock opened at $52.72 on Monday. The stock's fifty day moving average price is $44.44 and its two-hundred day moving average price is $45.56. The company has a market cap of $2.61 billion, a PE ratio of 15.78 and a beta of 1.08. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $108.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.00 and a current ratio of 2.07.

Tidewater (NYSE:TDW - Get Free Report) last issued its earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.24. Tidewater had a return on equity of 15.97% and a net margin of 12.98%. During the same period in the prior year, the firm posted $0.89 EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Equities analysts predict that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Daniel A. Hudson sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $50.02, for a total transaction of $250,100.00. Following the completion of the transaction, the executive vice president directly owned 85,986 shares of the company's stock, valued at $4,301,019.72. This trade represents a 5.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Robotti bought 15,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average cost of $42.05 per share, with a total value of $630,750.00. Following the completion of the transaction, the director owned 2,234,957 shares in the company, valued at $93,979,941.85. The trade was a 0.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 25,560 shares of company stock valued at $1,074,858 over the last quarter. 8.33% of the stock is owned by corporate insiders.

Tidewater Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.

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