SEACOR Marine (NYSE:SMHI) Issues Earnings Results

SEACOR Marine (NYSE:SMHI) issued its quarterly earnings data on Wednesday. The company reported ($0.59) earnings per share (EPS) for the quarter, reports. 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 13.05% and a negative net margin of 16.81%.

SEACOR Marine Stock Performance

SEACOR Marine stock opened at $6.17 on Friday. SEACOR Marine has a 52-week low of $6.02 and a 52-week high of $15.36. The company has a quick ratio of 1.79, a current ratio of 1.83 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average is $9.57 and its 200 day moving average is $11.70.

Hedge Funds Weigh In On SEACOR Marine

A number of institutional investors and hedge funds have recently made changes to their positions in SMHI. Sanctuary Advisors LLC bought a new position in shares of SEACOR Marine in the 2nd quarter valued at about $127,000. Hillsdale Investment Management Inc. purchased a new position in shares of SEACOR Marine in the 1st quarter worth approximately $208,000. Capricorn Fund Managers Ltd bought a new position in shares of SEACOR Marine during the 3rd quarter valued at approximately $253,000. BNP Paribas Financial Markets lifted its position 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 buying an additional 6,909 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in SEACOR Marine during the first quarter worth $348,000. 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.