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

by · The Cerbat Gem

SEACOR Marine Holdings Inc. (NYSE:SMHI – Get Free Report) CFO Jesus Llorca sold 5,927 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $9.78, for a total transaction 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 $3,797,466.42. This represents a 1.50% decrease in their position. The sale 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 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 shares were 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 stock was 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 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 stock was 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 Stock Up 1.8%

Shares of NYSE:SMHI traded up $0.17 during trading hours on Friday, reaching $9.82. The stock had a trading volume of 74,832 shares, compared to its average volume of 120,809. SEACOR Marine Holdings Inc. has a 1 year low of $5.55 and a 1 year high of $9.88. The firm’s 50 day moving average is $8.04 and its 200-day moving average is $7.60. The stock has a market capitalization of $266.44 million, a price-to-earnings 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.

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 (EPS) for the quarter, topping the consensus estimate of ($1.24) by $1.36. The business had revenue of $54.63 million during the quarter, compared to analysts’ expectations of $45.60 million. SEACOR Marine had a negative net margin of 8.62% and a negative return on equity of 8.72%. Research analysts predict that SEACOR Marine Holdings Inc. will post -2.02 earnings per share for the current fiscal year.

Institutional Trading of SEACOR Marine

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Glenorchy Capital Ltd lifted its position in shares of SEACOR Marine by 2.5% during the 2nd quarter. Glenorchy Capital Ltd now owns 185,232 shares of the company’s stock worth $945,000 after buying an additional 4,574 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 during the last quarter. JPMorgan Chase & Co. raised its stake in SEACOR Marine by 21.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 171,390 shares of the company’s stock worth $1,112,000 after acquiring an additional 29,955 shares in the last quarter. BNP Paribas Financial Markets raised 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. Finally, Raymond James Financial Inc. lifted its position in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SEACOR Marine in a report on Friday, July 17th. One equities 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 company. According to data from MarketBeat.com, SEACOR Marine currently has an average rating of “Hold” and an average target price of $10.00.

Read Our Latest Research Report on SEACOR Marine

SEACOR Marine Company Profile

(Get Free Report)

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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