SEACOR Marine (NYSE:SMHI) Shares Up 1.1% – What’s Next?

SEACOR Marine Holdings Inc. (NYSE:SMHI)’s share price rose 1.1% on Monday . The stock traded as high as $6.45 and last traded at $6.27. Approximately 154,712 shares were traded during trading, a decline of 14% from the average daily volume of 179,531 shares. The stock had previously closed at $6.20.

SEACOR Marine Stock Performance

The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.59. The stock has a 50-day moving average price of $8.73 and a 200-day moving average price of $11.28. The firm has a market capitalization of $173.33 million, a PE ratio of -3.73 and a beta of 1.31.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, October 30th. The company reported ($0.59) earnings per share (EPS) for the quarter. SEACOR Marine had a negative net margin of 16.81% and a negative return on equity of 13.32%. The business had revenue of $68.92 million during the quarter, compared to analyst estimates of $77.63 million. On average, research analysts expect that SEACOR Marine Holdings Inc. will post -2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in shares of SEACOR Marine during the third quarter worth about $72,000. Sanctuary Advisors LLC bought a new position in SEACOR Marine during the 2nd quarter worth approximately $127,000. Hillsdale Investment Management Inc. acquired a new position in shares of SEACOR Marine in the 1st quarter worth approximately $208,000. Capricorn Fund Managers Ltd bought a new stake in shares of SEACOR Marine in the 3rd quarter valued at approximately $253,000. Finally, BNP Paribas Financial Markets raised its position in shares of SEACOR Marine by 47.8% during the 1st quarter. BNP Paribas Financial Markets now owns 21,367 shares of the company’s stock valued at $298,000 after acquiring an additional 6,909 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

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.