SEACOR Marine (NYSE:SMHI) CAO Sells 27,741 Shares

by · The Markets Daily

SEACOR Marine Holdings Inc. (NYSE:SMHI – Get Free Report) CAO Gregory Scott Rossmiller sold 27,741 shares of SEACOR Marine stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $9.16, for a total value of $254,107.56. Following the sale, the chief accounting officer directly owned 244,506 shares of the company’s stock, valued at approximately $2,239,674.96. This trade represents a 10.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gregory Scott Rossmiller also recently made the following trade(s):

  • On Tuesday, June 16th, Gregory Scott Rossmiller sold 9,601 shares of SEACOR Marine stock. The stock was sold at an average price of $7.17, for a total value of $68,839.17.
  • On Monday, June 15th, Gregory Scott Rossmiller sold 9,670 shares of SEACOR Marine stock. The shares were sold at an average price of $7.27, for a total value of $70,300.90.

SEACOR Marine Price Performance

Shares of NYSE SMHI traded down $0.12 during trading hours on Friday, reaching $9.43. 116,226 shares of the stock traded hands, compared to its average volume of 122,115. The company has a market capitalization of $255.06 million, a P/E ratio of -13.27 and a beta of 1.10. The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. SEACOR Marine Holdings Inc. has a 52-week low of $4.70 and a 52-week high of $9.61. The company’s 50-day simple moving average is $7.61 and its two-hundred day simple moving average is $7.37.

SEACOR Marine (NYSE:SMHI – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.24) by $1.36. SEACOR Marine had a negative return on equity of 8.63% and a negative net margin of 8.62%.The company had revenue of $54.63 million during the quarter, compared to the consensus estimate of $45.60 million. Equities research analysts forecast that SEACOR Marine Holdings Inc. will post -3.25 EPS for the current year.

Institutional Investors Weigh In On SEACOR Marine

A number of hedge funds and other institutional investors have recently modified their holdings of SMHI. BNP Paribas Financial Markets boosted its holdings in SEACOR Marine by 75.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after acquiring an additional 1,699 shares during the period. Royal Bank of Canada grew its position in SEACOR Marine by 781.0% during the 1st quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after acquiring an additional 5,069 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in SEACOR Marine by 289.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares during the period. Valeo Financial Advisors LLC purchased a new position in SEACOR Marine in the 4th quarter worth approximately $60,000. 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 purchasing an additional 10,000 shares during the last quarter. Institutional investors own 59.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Get Our Latest Analysis on SMHI

About SEACOR Marine

(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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