Jesus Llorca Sells 3,207 Shares of SEACOR Marine (NYSE:SMHI) Stock

Key Points

• SEACOR Marine CFO Jesus Llorca sold 3,207 shares at an average price of $9.85, reducing his direct holdings by 0.83% to 385,082 shares. The sale was part of a broader series of insider transactions, including the sale of 60,823 shares on July 30.
• SMHI shares fell 0.7% to $9.79, but remain near their 12-month high of $9.96 and above their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.12, beating estimates, and revenue of $54.63 million.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $10.00. Institutional investors and hedge funds own 59.05% of the company’s stock.

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 3,207 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $9.85, for a total transaction of $31,588.95. Following the completion of the transaction, the chief financial officer directly owned 385,082 shares of the company's stock, valued at $3,793,057.70. This represents a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, August 14th, Jesus Llorca sold 5,927 shares of SEACOR Marine stock. The shares were sold at an average price of $9.78, for a total transaction of $57,966.06.
• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $14,654.25.
• On Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The stock was sold at an average price of $9.76, for a total value of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The shares were sold at an average price of $9.79, for a total value of $127,798.66.
• On Friday, August 7th, Jesus Llorca sold 205 shares of SEACOR Marine stock. The shares were sold at an average price of $9.75, for a total value of $1,998.75.
• On Thursday, July 30th, Jesus Llorca sold 60,823 shares of SEACOR Marine stock. The stock was sold at an average price of $9.12, for a total value of $554,705.76.
• On Wednesday, July 1st, Jesus 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, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The shares were sold at an average price of $8.02, for a total value of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The shares were sold at an average price of $8.03, for a total value of $116,121.83.
• On Tuesday, June 23rd, Jesus Llorca sold 11,963 shares of SEACOR Marine stock. The stock was sold at an average price of $7.98, for a total transaction of $95,464.74.

SEACOR Marine Stock Down 0.7%

Shares of SMHI stock traded down $0.07 during trading on Wednesday, hitting $9.79. 79,294 shares of the company were exchanged, compared to its average volume of 120,118. The business's 50-day simple moving average is $8.24 and its 200 day simple moving average is $7.69. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $9.96. The firm has a market capitalization of $265.68 million, a price-to-earnings ratio of -13.79 and a beta of 1.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.35 and a current ratio of 2.38.

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, beating the consensus estimate 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 firm had revenue of $54.63 million for the quarter, compared to analyst estimates of $45.60 million. As a group, analysts forecast that SEACOR Marine Holdings Inc. will post -2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On SEACOR Marine

Hedge funds have recently added to or reduced their stakes in the company. Robotti Robert bought a new stake in SEACOR Marine in the second quarter worth approximately $5,456,000. Empowered Funds LLC bought a new position in shares of SEACOR Marine during the 2nd quarter valued at $162,000. Flat Footed LLC bought a new position in shares of SEACOR Marine during the 2nd quarter valued at $5,230,895,000. BlackRock Inc. acquired a new stake in shares of SEACOR Marine in the 2nd quarter valued at $12,188,000. Finally, Deutsche Bank AG acquired a new stake in shares of SEACOR Marine in the 2nd quarter valued at $166,000. Institutional investors and hedge funds 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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