SEACOR Marine (NYSE:SMHI) Trading Up 1.1% – Time to Buy?

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

SEACOR Marine Stock Performance

The stock has a market cap of $173.33 million, a PE ratio of -3.73 and a beta of 1.31. 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 simple moving average of $8.73 and a 200-day simple moving average of $11.28.

SEACOR Marine (NYSE:SMHI) last issued its earnings results on Wednesday, October 30th. The company reported ($0.59) earnings per share (EPS) for the quarter. The firm had revenue of $68.92 million for the quarter, compared to analysts’ expectations of $77.63 million. SEACOR Marine had a negative return on equity of 13.32% and a negative net margin of 16.81%. Equities analysts predict that SEACOR Marine Holdings Inc. will post -2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SEACOR Marine

A number of hedge funds have recently made changes to their positions in the business. Carlyle Group Inc. raised its position in SEACOR Marine by 1.3% in the third quarter. Carlyle Group Inc. now owns 1,331,662 shares of the company’s stock valued at $12,851,000 after purchasing an additional 17,498 shares during the period. Vanguard Group Inc. lifted its position in SEACOR Marine by 1.4% during the 1st 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in SEACOR Marine by 13.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,255,337 shares of the company’s stock worth $16,934,000 after acquiring an additional 145,075 shares during the period. Geode Capital Management LLC grew its position in SEACOR Marine by 0.5% in the third quarter. Geode Capital Management LLC now owns 562,451 shares of the company’s stock valued at $5,428,000 after acquiring an additional 2,781 shares in the last quarter. Finally, State Street Corp raised its stake in shares of SEACOR Marine by 3.5% during the third quarter. State Street Corp now owns 520,029 shares of the company’s stock valued at $5,018,000 after purchasing an additional 17,460 shares during the period. Hedge funds and other institutional investors own 59.05% of the company’s stock.

About SEACOR Marine

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.