Tidewater Inc. (NYSE:TDW) Shares Bought by Hara Capital LLC

Hara Capital LLC increased its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 17.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,188 shares of the oil and gas company's stock after buying an additional 5,161 shares during the quarter. Tidewater comprises about 1.0% of Hara Capital LLC's holdings, making the stock its 27th largest position. Hara Capital LLC owned approximately 0.07% of Tidewater worth $1,487,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TDW. AlphaQuest LLC grew its holdings in shares of Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock worth $44,000 after buying an additional 511 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Tidewater in the 4th quarter valued at approximately $53,000. EverSource Wealth Advisors LLC boosted its holdings 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Tidewater by 336.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,588 shares of the oil and gas company's stock valued at $87,000 after purchasing an additional 1,224 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Tidewater by 54.9% in the 4th quarter. Covestor Ltd now owns 1,819 shares of the oil and gas company's stock valued at $100,000 after purchasing an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company's stock.

Tidewater Price Performance

Shares of NYSE:TDW traded down $0.31 during trading on Friday, hitting $52.72. 602,029 shares of the stock were exchanged, compared to its average volume of 1,057,315. The company has a fifty day moving average price of $44.44 and a two-hundred day moving average price of $45.56. The company has a market cap of $2.61 billion, a PE ratio of 15.78 and a beta of 1.08. The company has a current ratio of 2.07, a quick ratio of 2.00 and a debt-to-equity ratio of 0.50. Tidewater Inc. has a 12-month low of $31.17 and a 12-month 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 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%. Tidewater's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 EPS. On average, analysts forecast that Tidewater Inc. will post 3.25 EPS for the current year.

Insider Activity at Tidewater

In related news, EVP Daniel A. Hudson sold 5,000 shares of Tidewater stock in a transaction that occurred 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 in the company, valued at $4,301,019.72. The trade was a 5.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Robotti acquired 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average price 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. The trade was a 0.68% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 25,560 shares of company stock worth $1,074,858 in the last three months. Corporate insiders own 8.33% of the company's stock.

Analyst Ratings Changes

Separately, Raymond James Financial lowered their price objective on Tidewater from $76.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Tidewater has an average rating of "Hold" and an average price target 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.