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

First Eagle Investment Management LLC increased its holdings in shares of SEACOR Marine Holdings Inc. (NYSE:SMHI) by 1,809.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 477,440 shares of the company’s stock after buying an additional 452,440 shares during the quarter. First Eagle Investment Management LLC owned 1.73% of SEACOR Marine worth $6,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in SEACOR Marine by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,255,337 shares of the company’s stock worth $16,934,000 after buying an additional 145,075 shares during the period. American Century Companies Inc. raised its holdings in shares of SEACOR Marine by 16.7% during the second quarter. American Century Companies Inc. now owns 34,364 shares of the company’s stock worth $464,000 after acquiring an additional 4,912 shares during the period. Rhumbline Advisers raised its holdings in shares of SEACOR Marine by 18.0% during the second quarter. Rhumbline Advisers now owns 38,630 shares of the company’s stock worth $521,000 after acquiring an additional 5,880 shares during the period. Bank of New York Mellon Corp lifted 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 acquiring an additional 9,263 shares in the last quarter. Finally, Quadrature Capital Ltd increased its holdings in SEACOR Marine by 114.4% during the 1st quarter. Quadrature Capital Ltd now owns 34,102 shares of the company’s stock worth $476,000 after purchasing an additional 18,197 shares in the last quarter. 59.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jesus Llorca sold 14,168 shares of the firm’s 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 completion of the transaction, the chief financial officer now owns 430,638 shares of the company’s stock, valued at $6,459,570. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Gregory Scott Rossmiller sold 8,617 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $15.02, for a total value of $129,427.34. Following the completion of the sale, the chief accounting officer now 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 at this link. Also, CFO Jesus Llorca sold 14,168 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $15.00, for a total transaction of $212,520.00. Following the transaction, the chief financial officer now owns 430,638 shares in the company, valued at $6,459,570. The disclosure for this sale can be found here. Insiders have sold 27,431 shares of company stock worth $411,684 over the last ninety days. Insiders own 14.60% of the company’s stock.

SEACOR Marine Stock Performance

SMHI opened at $10.06 on Friday. The company has a market capitalization of $278.06 million, a price-to-earnings ratio of -11.98 and a beta of 1.27. The business’s 50-day moving average price is $11.57 and its two-hundred day moving average price is $12.61. SEACOR Marine Holdings Inc. has a 1 year low of $8.88 and a 1 year high of $15.36. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.83 and a quick ratio of 1.79.

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 analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $68.21 million. Equities analysts expect that SEACOR Marine Holdings Inc. will post -1.47 EPS for the current fiscal year.

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.