Flat Footed LLC Purchases New Stake in SEACOR Marine Holdings Inc. $SMHI

Flat Footed LLC bought a new stake in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 683,777 shares of the company's stock, valued at approximately $5,230,895. SEACOR Marine comprises 0.0% of Flat Footed LLC's investment portfolio, making the stock its 13th biggest position. Flat Footed LLC owned 2.52% of SEACOR Marine as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company's stock valued at $26,000 after buying an additional 1,699 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company's stock valued at $41,000 after purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock worth $51,000 after buying an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in SEACOR Marine during the fourth quarter worth about $60,000. Finally, Raymond James Financial Inc. increased its position in SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock worth $98,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 59.05% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of SEACOR Marine in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.00.

Insiders Place Their Bets

In other news, CAO Gregory Scott Rossmiller sold 27,741 shares of the firm's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $9.16, for a total value of $254,107.56. Following the sale, the chief accounting officer directly owned 244,506 shares of the company's stock, valued at approximately $2,239,674.96. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jesus Llorca sold 60,823 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $9.12, for a total transaction of $554,705.76. Following the transaction, the chief financial officer owned 411,818 shares of the company's stock, valued at approximately $3,755,780.16. This represents a 12.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 269,955 shares of company stock valued at $2,374,751. Corporate insiders own 16.80% of the company's stock.

SEACOR Marine Trading Down 0.3%

Shares of SEACOR Marine stock traded down $0.03 on Friday, hitting $9.48. The stock had a trading volume of 41,022 shares, compared to its average volume of 118,944. 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's 50-day simple moving average is $8.55 and its two-hundred day simple moving average is $7.81. SEACOR Marine Holdings Inc. has a one year low of $5.55 and a one year high of $10.00. The stock has a market cap of $257.19 million, a price-to-earnings ratio of -13.35 and a beta of 1.10.

SEACOR Marine (NYSE:SMHI - Get Free Report) last released its quarterly 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. The business 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, sell-side analysts predict that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

SEACOR Marine Company Profile

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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