Andrew Everett II Sells 4,116 Shares of SEACOR Marine (NYSE:SMHI) Stock

Key Points

• SEACOR Marine VP Andrew Everett II sold 4,116 shares at an average price of $10, generating $41,160. His remaining stake is 194,279 shares, a 2.07% reduction in ownership.
• SEACOR Marine shares traded at $9.75, near the company’s 12-month high of $10.00, while the stock’s market capitalization stood at approximately $264.5 million.
• The company exceeded quarterly expectations, reporting $0.12 earnings per share versus the $1.24 loss analysts expected and revenue of $54.63 million versus the $45.60 million consensus estimate. Analysts maintain a consensus “Hold” rating with a $10.00 price target.

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) VP Andrew Everett II sold 4,116 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total value of $41,160.00. Following the transaction, the vice president owned 194,279 shares of the company's stock, valued at approximately $1,942,790. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

SEACOR Marine Stock Up 0.1%

NYSE SMHI traded up $0.01 during trading on Friday, hitting $9.75. The stock had a trading volume of 72,392 shares, compared to its average volume of 118,355. The company's 50-day moving average price is $8.77 and its two-hundred day moving average price is $7.89. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38. The company has a market capitalization of $264.52 million, a PE ratio of -13.73 and a beta of 1.08. SEACOR Marine Holdings Inc. has a 12 month low of $5.55 and a 12 month high of $10.00.

SEACOR Marine (NYSE:SMHI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of ($1.24) by $1.36. The company had revenue of $54.63 million during the quarter, compared to the consensus estimate of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. As a group, sell-side analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current year.

Hedge Funds Weigh In On SEACOR Marine

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of SEACOR Marine by 75.1% in 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 raised 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 acquiring an additional 5,069 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. Valeo Financial Advisors LLC acquired a new stake in SEACOR Marine during the 4th quarter valued at $60,000. Finally, Raymond James Financial Inc. lifted its holdings in SEACOR Marine by 197.4% during the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock valued at $98,000 after purchasing an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company's stock.

Wall Street Analysts Forecast Growth

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

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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