3,389 Shares in Tidewater Inc. (NYSE:TDW) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in Tidewater Inc. (NYSE:TDW) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,389 shares of the oil and gas company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TDW. Vanguard Group Inc. increased its stake in Tidewater by 25.7% during the 1st quarter. Vanguard Group Inc. now owns 4,814,738 shares of the oil and gas company’s stock worth $442,956,000 after acquiring an additional 985,398 shares during the period. Boston Partners lifted its position in Tidewater by 11.7% during the first quarter. Boston Partners now owns 2,323,725 shares of the oil and gas company’s stock worth $214,055,000 after purchasing an additional 243,489 shares during the period. Van ECK Associates Corp acquired a new stake in Tidewater during the third quarter worth about $51,089,000. Hsbc Holdings PLC increased its holdings in Tidewater by 11,317.3% in the 2nd quarter. Hsbc Holdings PLC now owns 645,418 shares of the oil and gas company’s stock valued at $60,992,000 after buying an additional 639,765 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Tidewater by 72.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 443,833 shares of the oil and gas company’s stock valued at $42,257,000 after buying an additional 185,972 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Stock Up 1.9 %

Shares of NYSE TDW opened at $53.52 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. Tidewater Inc. has a 1 year low of $49.86 and a 1 year high of $111.42. The stock has a market capitalization of $2.80 billion, a P/E ratio of 15.74 and a beta of 1.14. The company has a 50-day moving average price of $64.11 and a 200-day moving average price of $83.74.

Tidewater declared that its board has authorized a stock repurchase program on Tuesday, August 6th that permits the company to buyback $13.90 million in outstanding shares. This buyback authorization permits the oil and gas company to purchase up to 0.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TDW shares. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Raymond James downgraded Tidewater from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.25.

About Tidewater

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.