SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 1,503 Shares

Key Points

• SEACOR Marine CFO Jesus Llorca sold 1,503 shares at an average price of $9.75, reducing his holdings by 0.38% to 394,216 shares. The sale was part of a broader series of insider sales, including 5,927 shares sold the following day and 60,823 shares sold on July 30.
• SEACOR Marine shares rose 1.8% to $9.82, near their 52-week high of $9.88. The company recently reported quarterly EPS of $0.12, beating consensus estimates by $1.36, while revenue of $54.63 million also exceeded forecasts.
• Analyst sentiment remains mixed: one analyst rates the stock Buy, one Hold, and one Sell, producing an average Hold rating and a $10.00 price target. Institutional investors and hedge funds own approximately 59.05% of the company.

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 1,503 shares of the company's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $9.75, for a total transaction of $14,654.25. Following the transaction, the chief financial officer owned 394,216 shares in the company, valued at approximately $3,843,606. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, August 14th, Jesus 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 Wednesday, August 12th, Jesus Llorca sold 2,840 shares of SEACOR Marine stock. The shares were sold at an average price of $9.76, for a total transaction of $27,718.40.
• On Tuesday, August 11th, Jesus Llorca sold 13,054 shares of SEACOR Marine stock. The stock was sold at an average price of $9.79, for a total transaction 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 shares were 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 transaction of $13,224.98.
• On Monday, June 29th, Jesus Llorca sold 14,461 shares of SEACOR Marine stock. The stock was 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 shares were sold at an average price of $7.98, for a total value of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The shares were sold at an average price of $7.73, for a total value of $111,559.36.

SEACOR Marine Trading Up 1.8%

Shares of SEACOR Marine stock traded up $0.17 during trading on Friday, hitting $9.82. 74,832 shares of the company were exchanged, compared to its average volume of 120,809. The firm has a market capitalization of $266.44 million, a P/E ratio of -13.83 and a beta of 1.10. SEACOR Marine Holdings Inc. has a 1-year low of $5.55 and a 1-year high of $9.88. The firm's fifty day moving average price is $8.04 and its 200 day moving average price is $7.60. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.38 and a quick ratio of 2.35.

SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, beating 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 business had revenue of $54.63 million for the quarter, compared to the consensus estimate of $45.60 million. As a group, sell-side analysts expect that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMHI. BlackRock Inc. bought a new position in SEACOR Marine during the 2nd quarter worth about $12,188,000. Robotti Robert acquired a new stake in SEACOR Marine in the 2nd quarter valued at approximately $5,456,000. Oppenheimer & Close LLC raised its position in SEACOR Marine by 0.5% in the 4th quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company's stock valued at $3,334,000 after buying an additional 2,911 shares during the last quarter. Geode Capital Management LLC lifted its stake in SEACOR Marine by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 485,730 shares of the company's stock valued at $2,925,000 after acquiring an additional 5,117 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in SEACOR Marine by 6.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 220,500 shares of the company's stock worth $1,327,000 after acquiring an additional 13,000 shares during the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About SEACOR Marine

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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