Hara Capital LLC Buys 5,161 Shares of Tidewater Inc. (NYSE:TDW)

Hara Capital LLC boosted its stake in Tidewater Inc. (NYSE:TDW - Free Report) by 17.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,188 shares of the oil and gas company's stock after buying an additional 5,161 shares during the quarter. Tidewater makes up about 1.0% of Hara Capital LLC's investment portfolio, making the stock its 27th largest position. Hara Capital LLC owned 0.07% of Tidewater worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 333 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in Tidewater by 1.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 27,448 shares of the oil and gas company's stock valued at $1,160,000 after purchasing an additional 405 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Tidewater by 13.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,154 shares of the oil and gas company's stock valued at $227,000 after purchasing an additional 479 shares during the last quarter. Russell Investments Group Ltd. raised its position in Tidewater by 0.9% in the 4th quarter. Russell Investments Group Ltd. now owns 55,202 shares of the oil and gas company's stock valued at $3,020,000 after purchasing an additional 496 shares during the last quarter. Finally, Spire Wealth Management raised its position in Tidewater by 14.3% in the 1st quarter. Spire Wealth Management now owns 3,983 shares of the oil and gas company's stock valued at $168,000 after purchasing an additional 498 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.

Insider Activity

In other Tidewater news, Director Robert Robotti acquired 15,000 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was 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 directly owned 2,234,957 shares in the company, valued at approximately $93,979,941.85. This represents a 0.68% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel A. Hudson sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $50.02, for a total value of $250,100.00. Following the completion of the sale, the executive vice president directly owned 85,986 shares of the company's stock, valued at approximately $4,301,019.72. The trade was a 5.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have bought 25,560 shares of company stock valued at $1,074,858 over the last ninety days. 8.33% of the stock is owned by insiders.

Tidewater Trading Down 0.6%

NYSE TDW traded down $0.31 on Friday, reaching $52.72. The company had a trading volume of 602,029 shares, compared to its average volume of 1,057,315. The stock's 50 day moving average is $44.44 and its 200-day moving average is $45.63. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 15.78 and a beta of 1.08. The company has a quick ratio of 2.00, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $108.44.

Tidewater (NYSE:TDW - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company earned $0.89 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Tidewater Company 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.