SEACOR Marine (NYSE:SMHI) CFO Sells $127,798.66 in Stock

Key Points

• SEACOR Marine CFO Jesus Llorca sold 13,054 shares at an average price of $9.79, worth $127,798.66, reducing his ownership by 3.17% to 398,559 shares. The sale follows several other insider sales totaling more than 100,000 shares since late June.
• SEACOR Marine shares traded at $9.73, near their 52-week high of $9.88, with the stock’s 50-day and 200-day moving averages at $7.91 and $7.53, respectively.
• The company reported quarterly EPS of $0.12, beating the $1.24 loss analysts expected, while revenue of $54.63 million exceeded estimates. Analysts’ consensus rating remains Hold, with a $10.00 price target.

SEACOR Marine Holdings Inc. (NYSE:SMHI - Get Free Report) CFO Jesus Llorca sold 13,054 shares of SEACOR Marine stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $9.79, for a total value of $127,798.66. Following the completion of the transaction, the chief financial officer owned 398,559 shares of the company's stock, valued at approximately $3,901,892.61. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, August 7th, Jesus 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, 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 shares were 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 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 Price Performance

NYSE SMHI traded up $0.04 on Tuesday, hitting $9.73. The stock had a trading volume of 134,476 shares, compared to its average volume of 121,527. The firm has a 50-day moving average of $7.91 and a 200-day moving average of $7.53. 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 Holdings Inc. has a 52-week low of $5.55 and a 52-week high of $9.88. The company has a market capitalization of $264.00 million, a price-to-earnings ratio of -13.71 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of SEACOR Marine in a research report on Friday, July 17th. One investment 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.00.

Institutional Investors Weigh In On SEACOR Marine

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of SEACOR Marine in the 2nd quarter worth about $12,188,000. Robotti Robert purchased a new position in shares of SEACOR Marine during the 2nd quarter valued at about $5,456,000. Bank of New York Mellon Corp bought a new stake in SEACOR Marine in the 2nd quarter worth approximately $402,000. JPMorgan Chase & Co. lifted its position in SEACOR Marine by 21.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company's stock worth $1,112,000 after buying an additional 29,955 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in SEACOR Marine in the second quarter worth approximately $166,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source