First Eagle Investment Management LLC Has $6.44 Million Stock Holdings in SEACOR Marine Holdings Inc. (NYSE:SMHI)

First Eagle Investment Management LLC raised its stake in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 1,809.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 477,440 shares of the company’s stock after buying an additional 452,440 shares during the period. First Eagle Investment Management LLC’s holdings in SEACOR Marine were worth $6,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SMHI. Dynamic Technology Lab Private Ltd acquired a new stake in SEACOR Marine during the 4th quarter worth approximately $142,000. Quadrature Capital Ltd bought a new stake in shares of SEACOR Marine in the fourth quarter valued at about $200,000. Hillsdale Investment Management Inc. acquired a new position in shares of SEACOR Marine in the first quarter valued at about $208,000. BNP Paribas Financial Markets increased its position in SEACOR Marine by 47.8% during the first quarter. BNP Paribas Financial Markets now owns 21,367 shares of the company’s stock worth $298,000 after acquiring an additional 6,909 shares during the period. Finally, Jump Financial LLC acquired a new stake in SEACOR Marine in the 4th quarter worth about $353,000. 59.05% of the stock is currently owned by institutional investors and hedge funds.

SEACOR Marine Stock Performance

Shares of NYSE:SMHI opened at $10.06 on Friday. SEACOR Marine Holdings Inc. has a 12-month low of $8.88 and a 12-month high of $15.36. The company’s 50 day moving average price is $11.57 and its two-hundred day moving average price is $12.61. The firm has a market cap 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 issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.29). The company had revenue of $69.87 million for the quarter, compared to analyst estimates of $68.21 million. SEACOR Marine had a negative return on equity of 8.61% and a negative net margin of 10.92%. Equities research analysts predict that SEACOR Marine Holdings Inc. will post -1.47 earnings per share for the current year.

Insider Activity at SEACOR Marine

In other SEACOR Marine news, CAO Gregory Scott Rossmiller sold 8,617 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $15.02, for a total value of $129,427.34. Following the transaction, the chief accounting officer now directly owns 224,897 shares of the company’s stock, valued at approximately $3,377,952.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other SEACOR Marine news, CAO Gregory Scott Rossmiller sold 8,617 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $15.02, for a total transaction of $129,427.34. Following the completion of the sale, the chief accounting officer now directly owns 224,897 shares in the company, valued at $3,377,952.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 in the company, valued at approximately $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.

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.