Herr Investment Group LLC Purchases Shares of 247,357 SEACOR Marine Holdings Inc. (NYSE:SMHI)

Herr Investment Group LLC acquired a new position in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) in the 2nd quarter, Holdings Channel reports. The fund acquired 247,357 shares of the company’s stock, valued at approximately $3,337,000. SEACOR Marine accounts for approximately 0.2% of Herr Investment Group LLC’s portfolio, making the stock its 28th largest position.

Several other institutional investors also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of SEACOR Marine in the 4th quarter worth about $142,000. Quadrature Capital Ltd bought a new stake in SEACOR Marine in the 4th quarter worth approximately $200,000. Hillsdale Investment Management Inc. purchased a new stake in SEACOR Marine in the first quarter worth approximately $208,000. BNP Paribas Financial Markets raised 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 worth $298,000 after purchasing an additional 6,909 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in shares of SEACOR Marine in the first quarter worth about $348,000. 59.05% of the stock is currently owned by institutional investors.

Insider Transactions at SEACOR Marine

In other news, CFO Jesus Llorca sold 14,168 shares of SEACOR Marine stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $15.00, for a total value of $212,520.00. Following the sale, the chief financial officer now directly owns 430,638 shares in the company, valued at approximately $6,459,570. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Gregory Scott Rossmiller sold 8,617 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $15.02, for a total transaction of $129,427.34. Following the transaction, the chief accounting officer now owns 224,897 shares in the company, valued at $3,377,952.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jesus Llorca sold 14,168 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $15.00, for a total transaction of $212,520.00. Following the completion of the transaction, the chief financial officer now directly owns 430,638 shares of the company’s stock, valued at $6,459,570. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,431 shares of company stock worth $411,684. Company insiders own 14.60% of the company’s stock.

SEACOR Marine Stock Performance

NYSE:SMHI opened at $10.28 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.83. SEACOR Marine Holdings Inc. has a fifty-two week low of $8.88 and a fifty-two week high of $15.36. The business has a 50 day moving average price of $11.65 and a 200-day moving average price of $12.63. The firm has a market cap of $284.14 million, a PE ratio of -12.24 and a beta of 1.27.

SEACOR Marine (NYSE:SMHI) last announced its quarterly 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). SEACOR Marine had a negative net margin of 10.92% and a negative return on equity of 8.61%. The firm had revenue of $69.87 million for the quarter, compared to analysts’ expectations of $68.21 million. Equities research analysts predict that SEACOR Marine Holdings Inc. will post -1.47 earnings per share for the current year.

About SEACOR Marine

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.