Herr Investment Group LLC Purchases New Position in SEACOR Marine Holdings Inc. (NYSE:SMHI)

Herr Investment Group LLC acquired a new position in SEACOR Marine Holdings Inc. (NYSE:SMHI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 247,357 shares of the company’s stock, valued at approximately $3,337,000. SEACOR Marine comprises 0.2% of Herr Investment Group LLC’s investment portfolio, making the stock its 28th biggest holding. Herr Investment Group LLC owned 0.90% of SEACOR Marine as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of SMHI. Vanguard Group Inc. raised its position in SEACOR Marine by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 1,284,917 shares of the company’s stock valued at $17,912,000 after buying an additional 17,826 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of SEACOR Marine during the fourth quarter valued at about $142,000. BNP Paribas Financial Markets boosted its holdings 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 purchasing an additional 6,909 shares during the last quarter. Quadrature Capital Ltd bought a new stake in SEACOR Marine in the 4th quarter worth about $200,000. Finally, First Eagle Investment Management LLC purchased a new stake in SEACOR Marine in the 1st quarter valued at about $348,000. Institutional investors own 59.05% of the company’s stock.

SEACOR Marine Stock Performance

SMHI stock opened at $10.28 on Friday. 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 firm has a market cap of $284.14 million, a PE ratio of -12.24 and a beta of 1.27. The business has a 50 day moving average of $11.65 and a 200-day moving average of $12.63. SEACOR Marine Holdings Inc. has a 12-month low of $8.88 and a 12-month high of $15.36.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.45) EPS 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 during the quarter, compared to analysts’ expectations of $68.21 million. As a group, sell-side analysts expect that SEACOR Marine Holdings Inc. will post -1.47 earnings per share for the current year.

Insider Activity

In related news, CAO Gregory Scott Rossmiller sold 8,617 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $15.02, for a total value of $129,427.34. Following the sale, the chief accounting officer now directly owns 224,897 shares in the company, valued at approximately $3,377,952.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 value of $129,427.34. Following the completion of 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 can be accessed through this link. Also, CFO Jesus Llorca sold 14,168 shares of SEACOR Marine stock in a transaction that occurred on Tuesday, July 16th. The shares were 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 owns 430,638 shares of the company’s stock, valued at $6,459,570. The disclosure for this sale can be found here. Insiders have sold 27,431 shares of company stock valued at $411,684 in the last 90 days. Insiders own 14.60% of the company’s stock.

SEACOR Marine 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.