SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 4,000 Shares of Stock

Key Points

• SEACOR Marine CFO Jesús Llorca sold 4,000 shares at an average price of $10.00, totaling $40,000. After the sale, he directly owned 382,981 shares, a 1.03% reduction.
• The transaction continues a pattern of insider selling, including a 60,823-share sale in July and several additional sales in August.
• SEACOR Marine shares recently traded at $9.75, near their 52-week high of $10.00. The stock has an average analyst rating of Hold with a $10.00 price target, while the company’s latest quarterly results exceeded revenue and EPS expectations.

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesús Llorca sold 4,000 shares of the firm's stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $10.00, for a total transaction of $40,000.00. Following the completion of the transaction, the chief financial officer directly owned 382,981 shares in the company, valued at $3,829,810. This represents a 1.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Jesus Llorca also recently made the following trade(s):

• On Friday, August 21st, Jesús Llorca sold 401 shares of SEACOR Marine stock. The stock was sold at an average price of $10.00, for a total transaction of $4,010.00.
• On Monday, August 17th, Jesús Llorca sold 3,207 shares of SEACOR Marine stock. The stock was sold at an average price of $9.85, for a total transaction of $31,588.95.
• On Friday, August 14th, Jesús Llorca sold 5,927 shares of SEACOR Marine stock. The stock was sold at an average price of $9.78, for a total transaction of $57,966.06.
• On Thursday, August 13th, Jesús Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total transaction of $14,654.25.
• On Wednesday, August 12th, Jesús Llorca sold 2,840 shares of SEACOR Marine stock. The shares were sold at an average price of $9.76, for a total value of $27,718.40.
• On Tuesday, August 11th, Jesús Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total value of $127,798.66.
• On Friday, August 7th, Jesús Llorca sold 205 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total value of $1,998.75.
• On Thursday, July 30th, Jesús Llorca sold 60,823 shares of SEACOR Marine stock. The shares were sold at an average price of $9.12, for a total value of $554,705.76.
• On Wednesday, July 1st, Jesús Llorca sold 1,386 shares of SEACOR Marine stock. The stock was sold at an average price of $8.01, for a total value of $11,101.86.
• On Tuesday, June 30th, Jesús Llorca sold 1,649 shares of SEACOR Marine stock. The stock was sold at an average price of $8.02, for a total value of $13,224.98.

SEACOR Marine Stock Up 0.1%

Shares of SEACOR Marine stock traded up $0.01 during trading on Friday, hitting $9.75. 72,392 shares of the stock traded hands, compared to its average volume of 118,355. The company has a current ratio of 2.38, a quick ratio of 2.35 and a debt-to-equity ratio of 1.15. The stock's fifty day simple moving average is $8.77 and its 200 day simple moving average is $7.89. The firm has a market cap of $264.52 million, a P/E ratio of -13.73 and a beta of 1.08. SEACOR Marine Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $10.00.

SEACOR Marine (NYSE:SMHI - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. The company had revenue of $54.63 million during the quarter, compared to analyst estimates of $45.60 million. On average, equities analysts predict that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On SEACOR Marine

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its stake in 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 purchasing an additional 1,699 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company's stock valued at $51,000 after buying an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of SEACOR Marine in the 4th quarter worth approximately $60,000. Finally, Raymond James Financial Inc. grew its position in shares of SEACOR Marine by 197.4% in the 3rd quarter. Raymond James Financial Inc. now owns 15,065 shares of the company's stock worth $98,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 59.05% of the company's stock.

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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