Mesirow Financial Investment Management Inc. Buys Shares of 21,813 Helix Energy Solutions Group, Inc. (NYSE:HLX)

Mesirow Financial Investment Management Inc. purchased a new position in shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 21,813 shares of the oil and gas company’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Deutsche Bank AG raised its position in shares of Helix Energy Solutions Group by 18.8% during the 3rd quarter. Deutsche Bank AG now owns 73,368 shares of the oil and gas company’s stock worth $820,000 after purchasing an additional 11,599 shares during the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Helix Energy Solutions Group in the third quarter valued at $279,000. Trexquant Investment LP acquired a new stake in shares of Helix Energy Solutions Group during the third quarter valued at $1,073,000. Teza Capital Management LLC purchased a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $171,000. Finally, Gotham Asset Management LLC acquired a new position in Helix Energy Solutions Group in the 3rd quarter valued at about $587,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Trading Up 0.5 %

Shares of NYSE:HLX traded up $0.06 during midday trading on Wednesday, reaching $12.07. The company’s stock had a trading volume of 863,918 shares, compared to its average volume of 1,791,385. Helix Energy Solutions Group, Inc. has a 1 year low of $7.24 and a 1 year high of $12.29. The business has a 50 day moving average price of $11.12 and a 200 day moving average price of $10.47. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -57.21 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.05). The company had revenue of $296.21 million during the quarter, compared to analysts’ expectations of $303.00 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. Research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Separately, TD Cowen lifted their price target on shares of Helix Energy Solutions Group from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th.

Insider Buying and Selling

In other news, Director Diana Glassman sold 2,864 shares of Helix Energy Solutions Group stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $10.49, for a total value of $30,043.36. Following the transaction, the director now directly owns 42,133 shares of the company’s stock, valued at approximately $441,975.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Owen E. Kratz sold 7,521 shares of Helix Energy Solutions Group stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $11.54, for a total transaction of $86,792.34. Following the sale, the chief executive officer now owns 7,471,329 shares in the company, valued at $86,219,136.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diana Glassman sold 2,864 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $10.49, for a total transaction of $30,043.36. Following the sale, the director now directly owns 42,133 shares of the company’s stock, valued at $441,975.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 164,264 shares of company stock valued at $1,932,544. 6.37% of the stock is currently owned by company insiders.

Helix Energy Solutions Group Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.