Mesirow Financial Investment Management Inc. Takes Position in Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mesirow Financial Investment Management Inc. purchased a new stake in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,813 shares of the oil and gas company’s stock, valued at approximately $236,000.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Helix Energy Solutions Group during the 4th quarter valued at about $44,000. Pineridge Advisors LLC bought a new position in shares of Helix Energy Solutions Group in the 4th quarter worth approximately $54,000. Counterpoint Mutual Funds LLC bought a new position in shares of Helix Energy Solutions Group in the 1st quarter worth approximately $135,000. Syon Capital LLC purchased a new position in shares of Helix Energy Solutions Group in the 4th quarter valued at approximately $138,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Helix Energy Solutions Group by 34.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 13,724 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 3,554 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Stock Up 0.5 %

Shares of HLX stock traded up $0.06 during trading hours on Wednesday, hitting $12.07. 863,918 shares of the company’s stock traded hands, compared to its average volume of 1,791,385. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of -57.21 and a beta of 2.45. The stock’s fifty day simple moving average is $11.12 and its two-hundred day simple moving average is $10.47. Helix Energy Solutions Group, Inc. has a 12-month low of $7.24 and a 12-month high of $12.29.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. The company had revenue of $296.21 million during the quarter, compared to the consensus estimate of $303.00 million. On average, analysts expect that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

Separately, TD Cowen raised their price objective on Helix Energy Solutions Group from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th.

Insider Buying and Selling

In related news, COO Scott Andrew Sparks sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total transaction of $137,280.00. Following the completion of the sale, the chief operating officer now owns 282,634 shares of the company’s stock, valued at $3,233,332.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Helix Energy Solutions Group news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total value of $30,043.36. Following the completion of the sale, the director now owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Scott Andrew Sparks sold 12,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the sale, the chief operating officer now owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The disclosure for this sale can be found here. Insiders have sold a total of 164,264 shares of company stock worth $1,932,544 in the last quarter. Corporate insiders own 6.37% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.