Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
HOUSTON – SEACOR Marine Holdings Inc . (NYSE:SMHI) executive, Senior Vice President and Chief Accounting Officer Gregory Scott Rossmiller, has sold a total of 8,617 shares of company stock, according to a recent SEC filing. The shares were sold at a weighted average price of $15.02, totaling approximately $129,427.
The transactions took place on July 16th and were disclosed to the Securities and Exchange Commission in a Form 4 filing on July 17th. The sales occurred in multiple transactions at prices ranging from $15.00 to $15.06. Following the sale, Rossmiller still owns 224,897 shares of SEACOR Marine Holdings Inc., indicating his continued investment in the company.
It's noted that the sale of these shares was executed automatically under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which Rossmiller had adopted on November 13, 2023. Such plans allow company insiders to sell shares over a predetermined period of time to avoid concerns about transactions based on insider information.
SEACOR Marine Holdings, based in Houston, Texas, operates a fleet of offshore marine support vessels, serving the global offshore oil and gas exploration and production industry.
Investors and the market often keep a close eye on insider transactions as they can provide insights into an executive's perspective on the company's future prospects. However, such sales do not always indicate a change in company outlook, especially when they are conducted under pre-set trading arrangements.
For more detailed information, SEACOR Marine Holdings Inc. and its executives are required to provide full details of such transactions to the SEC, shareholders, and the public upon request.
InvestingPro Insights
As SEACOR Marine Holdings Inc. (NYSE:SMHI) sees insider transactions, it's essential for investors to consider the broader financial context in which these sales occur. According to recent InvestingPro data, SEACOR Marine has a market capitalization of approximately $393.05 million. Despite a challenging environment, the company has demonstrated notable price performance with a one-week total return of 12.65% and a one-month total return of 20.25%, underscoring significant recent gains in its stock value.
However, the company's financial performance presents a mixed picture. While SEACOR Marine's revenue has experienced growth of 20.66% over the last twelve months as of Q1 2024, the company's P/E ratio stands at -16.99, reflecting market skepticism about future profitability. This is further echoed by an InvestingPro Tip indicating that analysts do not anticipate the company will be profitable this year. Moreover, SEACOR Marine is trading at a high EBIT valuation multiple, suggesting that its earnings before interest and taxes are priced at a premium compared to the market.
For those considering an investment in SEACOR Marine, there are additional InvestingPro Tips available that can provide deeper insights into the company's financial health and future prospects. Notably, there are 11 more tips listed on InvestingPro that could be valuable for potential investors. To discover these insights and make more informed decisions, investors are encouraged to visit https://www.investing.com/pro/SMHI and use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.