SEACOR Marine (NYSE:SMHI) CFO Jesus Llorca Sells 5,927 Shares of Stock

Key Points

• SEACOR Marine CFO Jesus Llorca sold 5,927 shares at an average price of $9.78, totaling $57,966; he retained 388,289 shares worth approximately $3.8 million.
• Llorca has made multiple additional sales in recent months, including 60,823 shares on July 30 and 13,054 shares on August 11, indicating a sustained pattern of insider selling.
• SEACOR Marine shares rose 1.8% to $9.82, near their 12-month high, after the company reported quarterly revenue of $54.63 million and earnings per share of $0.12, well above analyst expectations; analysts maintain an average “Hold” rating with a $10 price target.

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 5,927 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $9.78, for a total value of $57,966.06. Following the completion of the transaction, the chief financial officer directly owned 388,289 shares of the company's stock, valued at approximately $3,797,466.42. This represents a 1.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, August 13th, Jesus Llorca sold 1,503 shares of SEACOR Marine stock. The stock was sold at an average price of $9.75, for a total transaction 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 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 transaction 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 transaction 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 transaction of $11,101.86.
• On Tuesday, June 30th, Jesus Llorca sold 1,649 shares of SEACOR Marine stock. The stock was 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 shares were sold at an average price of $8.03, for a total transaction 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 transaction of $95,464.74.
• On Monday, June 22nd, Jesus Llorca sold 14,432 shares of SEACOR Marine stock. The stock was sold at an average price of $7.73, for a total transaction of $111,559.36.

SEACOR Marine Trading Up 1.8%

Shares of NYSE SMHI traded up $0.17 during midday trading on Friday, reaching $9.82. 74,832 shares of the stock were exchanged, compared to its average volume of 120,809. The stock has a market capitalization of $266.44 million, a P/E ratio of -13.83 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. The company has a 50 day simple moving average of $8.04 and a 200 day simple moving average of $7.60. SEACOR Marine Holdings Inc. has a twelve month low of $5.55 and a twelve month high of $9.88.

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

Institutional Investors Weigh In On SEACOR Marine

Several institutional investors and hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company's stock worth $26,000 after acquiring an additional 1,699 shares in the last quarter. Renaissance Technologies LLC increased its stake in SEACOR Marine by 1.8% during the first quarter. Renaissance Technologies LLC now owns 120,400 shares of the company's stock worth $862,000 after purchasing an additional 2,100 shares during the period. Oppenheimer & Close LLC increased its stake in SEACOR Marine by 0.5% during the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company's stock worth $3,334,000 after purchasing an additional 2,911 shares during the period. Bank of New York Mellon Corp lifted its position in shares of SEACOR Marine by 7.9% during the first quarter. Bank of New York Mellon Corp now owns 53,553 shares of the company's stock worth $383,000 after purchasing an additional 3,937 shares in the last quarter. Finally, Glenorchy Capital Ltd lifted its position in shares of SEACOR Marine by 2.5% during the second quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company's stock worth $945,000 after purchasing an additional 4,574 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of SEACOR Marine in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, SEACOR Marine presently has an average rating of "Hold" and an average 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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