In a recent transaction on May 9, 2024, SEACOR Marine Holdings Inc . (NYSE:SMHI) director Persily Julie sold 7,500 shares of the company's stock, resulting in a total sale amount of $99,450. The shares were sold at a weighted average price of $13.26, with individual transactions occurring within the price range of $13.25 to $13.28.
This sale has adjusted Persily Julie's direct ownership in SEACOR Marine Holdings Inc. to a total of 60,352 shares following the transaction. The details of the sale, including the specific prices at which the shares were sold, are available upon request, as per the footnote in the SEC filing.
The transaction comes amidst the market activities of directors and insiders of companies, which are often considered by investors as a signal of the executives' confidence in the company's future prospects. SEACOR Marine Holdings Inc., with its focus on deep-sea foreign transportation of freight, operates within a dynamic and evolving sector that frequently captures the interest of the investment community.
Investors and market watchers frequently monitor such insider transactions as part of their analysis, although it's important to note that trading by insiders does not always indicate the future movement of the stock, whether positive or negative.
The sale was executed in compliance with SEC regulations and duly reported in the Form 4 document filed with the commission. SEACOR Marine Holdings Inc. and its shareholders can request detailed information about the exact number of shares sold at each price within the reported range.
SEACOR Marine Holdings Inc., a Delaware corporation, is listed on the New York Stock Exchange and is identified by the ticker symbol SMHI. The company's business address is located in Houston, Texas.
InvestingPro Insights
SEACOR Marine Holdings Inc. (NYSE:SMHI) has been making waves in the deep-sea transportation sector, with a market capitalization of $366.83 million, reflecting its position within the industry. Despite a challenging environment, the company has managed to achieve a 20.66% growth in revenue over the last twelve months as of Q1 2024, indicating a robust expansion in its operations.
Investors considering SEACOR Marine Holdings may find the InvestingPro Tips particularly useful. The company is currently grappling with a significant debt burden, which could impact its financial flexibility. Additionally, while SEACOR Marine has experienced a strong return over the last year, with a 60.77% price total return, analysts are not optimistic about profitability in the near term. They expect net income to drop this year, and do not anticipate the company will be profitable within this period.
On the valuation front, SEACOR Marine's P/E ratio stands at -15.78, which may raise concerns about the company's earnings outlook. However, it is worth noting that the company's liquid assets exceed its short-term obligations, which is a positive sign for its liquidity position. Despite these challenges, the company has not been paying dividends to shareholders, which could be a strategic move to preserve cash.
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