SEACOR Marine (NYSE:SMHI) Trading Down 0.3%

SEACOR Marine Holdings Inc. (NYSE:SMHI) shares were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $8.88 and last traded at $9.12. Approximately 177,334 shares were traded during trading, an increase of 7% from the average daily volume of 165,698 shares. The stock had previously closed at $9.14.

SEACOR Marine Price Performance

The firm has a market cap of $251.94 million, a price-to-earnings ratio of -10.85 and a beta of 1.28. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.82. The company’s 50-day moving average price is $12.13 and its 200-day moving average price is $12.68.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, July 31st. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.29). The firm had revenue of $69.87 million during the quarter, compared to analyst estimates of $68.21 million. SEACOR Marine had a negative net margin of 10.92% and a negative return on equity of 8.61%. On average, equities research analysts forecast that SEACOR Marine Holdings Inc. will post -1.47 EPS for the current year.

Insider Activity at SEACOR Marine

In other SEACOR Marine news, VP Andrew H. Everett II sold 4,646 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $15.01, for a total transaction of $69,736.46. Following the sale, the vice president now owns 233,502 shares of the company’s stock, valued at $3,504,865.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other SEACOR Marine news, CAO Gregory Scott Rossmiller sold 8,617 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $15.02, for a total transaction of $129,427.34. Following the sale, the chief accounting officer now owns 224,897 shares of the company’s stock, valued at $3,377,952.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew H. Everett II sold 4,646 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $15.01, for a total transaction of $69,736.46. Following the sale, the vice president now directly owns 233,502 shares in the company, valued at approximately $3,504,865.02. The disclosure for this sale can be found here. Insiders have sold a total of 27,431 shares of company stock valued at $411,684 over the last 90 days. 14.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On SEACOR Marine

A number of hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund grew its position in shares of SEACOR Marine by 3.6% during the fourth quarter. New York State Common Retirement Fund now owns 37,310 shares of the company’s stock worth $470,000 after acquiring an additional 1,308 shares during the last quarter. American Century Companies Inc. grew its position in SEACOR Marine by 16.7% in the 2nd quarter. American Century Companies Inc. now owns 34,364 shares of the company’s stock valued at $464,000 after buying an additional 4,912 shares during the last quarter. Rhumbline Advisers grew its position in SEACOR Marine by 18.0% in the 2nd quarter. Rhumbline Advisers now owns 38,630 shares of the company’s stock valued at $521,000 after buying an additional 5,880 shares during the last quarter. BNP Paribas Financial Markets grew its position in SEACOR Marine by 47.8% in the 1st quarter. BNP Paribas Financial Markets now owns 21,367 shares of the company’s stock valued at $298,000 after buying an additional 6,909 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in SEACOR Marine by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,009 shares of the company’s stock valued at $1,025,000 after buying an additional 9,263 shares during the last quarter. 59.05% of the stock is currently owned by hedge funds and other institutional investors.

SEACOR Marine Company Profile

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.