Empowered Funds LLC Purchases 4,422 Shares of SEACOR Marine Holdings Inc. (NYSE:SMHI)

Empowered Funds LLC raised its position in SEACOR Marine Holdings Inc. (NYSE:SMHI) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,909 shares of the company’s stock after acquiring an additional 4,422 shares during the period. Empowered Funds LLC’s holdings in SEACOR Marine were worth $839,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in SEACOR Marine in the second quarter valued at about $127,000. Capricorn Fund Managers Ltd acquired a new stake in SEACOR Marine during the third quarter valued at approximately $253,000. American Century Companies Inc. grew its stake in shares of SEACOR Marine by 16.7% in the 2nd quarter. American Century Companies Inc. now owns 34,364 shares of the company’s stock valued at $464,000 after purchasing an additional 4,912 shares during the period. Quadrature Capital Ltd raised its holdings in shares of SEACOR Marine by 114.4% in the 1st quarter. Quadrature Capital Ltd now owns 34,102 shares of the company’s stock worth $476,000 after buying an additional 18,197 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of SEACOR Marine by 18.0% during the 2nd quarter. Rhumbline Advisers now owns 38,630 shares of the company’s stock worth $521,000 after buying an additional 5,880 shares during the period. Institutional investors own 59.05% of the company’s stock.

SEACOR Marine Stock Performance

Shares of NYSE:SMHI opened at $7.15 on Friday. 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 business’s fifty day moving average price is $8.44 and its two-hundred day moving average price is $11.09. SEACOR Marine Holdings Inc. has a fifty-two week low of $6.02 and a fifty-two week high of $15.36. The stock has a market capitalization of $197.70 million, a price-to-earnings ratio of -4.26 and a beta of 1.31.

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

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.