SEACOR Marine (NYSE:SMHI) Share Price Passes Below 50 Day Moving Average of $11.73

SEACOR Marine Holdings Inc. (NYSE:SMHI)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.73 and traded as low as $9.87. SEACOR Marine shares last traded at $10.09, with a volume of 193,876 shares.

SEACOR Marine Stock Performance

The company has a 50-day moving average of $11.57 and a 200 day moving average of $12.61. The firm has a market capitalization of $278.06 million, a PE ratio of -11.98 and a beta of 1.27. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.82.

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

Insiders Place Their Bets

In other SEACOR Marine news, VP Andrew H. Everett II sold 4,646 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $15.01, for a total value of $69,736.46. Following the completion of the sale, the vice president now directly owns 233,502 shares of the company’s stock, valued at $3,504,865.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Jesus Llorca sold 14,168 shares of SEACOR Marine stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $15.00, for a total value of $212,520.00. Following the transaction, the chief financial officer now directly owns 430,638 shares of the company’s stock, valued at $6,459,570. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Andrew H. Everett II sold 4,646 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 27,431 shares of company stock valued at $411,684 over the last quarter. 14.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SEACOR Marine

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in SEACOR Marine in the second quarter worth about $127,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of SEACOR Marine during the 4th quarter valued at $142,000. Quadrature Capital Ltd purchased a new stake in shares of SEACOR Marine in the 4th quarter worth about $200,000. Hillsdale Investment Management Inc. purchased a new stake in SEACOR Marine in the first quarter worth about $208,000. Finally, BNP Paribas Financial Markets increased its stake in shares of SEACOR Marine by 47.8% during the first quarter. BNP Paribas Financial Markets now owns 21,367 shares of the company’s stock valued at $298,000 after purchasing an additional 6,909 shares in the last quarter. Hedge funds and other institutional investors own 59.05% of the company’s stock.

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.