SEACOR Marine (NYSE:SMHI) Posts Earnings Results

SEACOR Marine (NYSE:SMHI) posted its quarterly earnings results on Wednesday. The company reported ($0.59) EPS for the quarter, reports. The company had revenue of $68.92 million during the quarter, compared to the consensus estimate of $77.63 million. SEACOR Marine had a negative return on equity of 13.05% and a negative net margin of 16.81%.

SEACOR Marine Stock Down 19.3 %

NYSE SMHI opened at $6.80 on Friday. The company’s 50-day moving average price is $9.67 and its 200-day moving average price is $11.74. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.79 and a current ratio of 1.83. SEACOR Marine has a 12 month low of $6.71 and a 12 month high of $15.36.

Institutional Trading of SEACOR Marine

A number of hedge funds have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets lifted its stake in SEACOR Marine by 47.8% in the first quarter. BNP Paribas Financial Markets now owns 21,367 shares of the company’s stock worth $298,000 after acquiring an additional 6,909 shares during the period. First Eagle Investment Management LLC purchased a new stake in SEACOR Marine in the first quarter worth about $348,000. Vanguard Group Inc. lifted its stake in SEACOR Marine by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,284,917 shares of the company’s stock worth $17,912,000 after acquiring an additional 17,826 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in SEACOR Marine in the first quarter worth about $208,000. Finally, Quadrature Capital Ltd lifted its stake in SEACOR Marine by 114.4% in the first quarter. Quadrature Capital Ltd now owns 34,102 shares of the company’s stock worth $476,000 after acquiring an additional 18,197 shares during the period. 59.05% of the stock is owned by hedge funds and other institutional investors.

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.