Cove Street Capital LLC Has $865,000 Position in SEACOR Marine Holdings Inc (NYSE:SMHI)

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Cove Street Capital LLC raised its stake in SEACOR Marine Holdings Inc (NYSE:SMHI) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,953 shares of the company’s stock after acquiring an additional 3,953 shares during the quarter. Cove Street Capital LLC’s holdings in SEACOR Marine were worth $865,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in SEACOR Marine by 3.2% in the third quarter. Vanguard Group Inc. now owns 869,688 shares of the company’s stock valued at $19,681,000 after acquiring an additional 26,577 shares during the last quarter. First Manhattan Co. purchased a new position in SEACOR Marine in the first quarter valued at about $1,426,000. BlackRock Inc. boosted its stake in SEACOR Marine by 1.4% in the fourth quarter. BlackRock Inc. now owns 1,259,907 shares of the company’s stock valued at $14,817,000 after acquiring an additional 17,762 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of SEACOR Marine by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,508,212 shares of the company’s stock valued at $17,737,000 after purchasing an additional 7,035 shares during the period. Finally, Rhumbline Advisers raised its position in shares of SEACOR Marine by 42.5% in the fourth quarter. Rhumbline Advisers now owns 24,394 shares of the company’s stock valued at $287,000 after purchasing an additional 7,271 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

NYSE SMHI opened at $13.79 on Thursday. SEACOR Marine Holdings Inc has a 12-month low of $11.42 and a 12-month high of $26.20. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.33 and a current ratio of 1.37.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings results on Friday, May 10th. The company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.51). SEACOR Marine had a negative net margin of 28.79% and a negative return on equity of 13.17%. The business had revenue of $56.25 million during the quarter.

Separately, ValuEngine lowered shares of SEACOR Marine from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th.

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About SEACOR Marine

Seacor Marine Holdings, Inc engages in the provision of offshore marine business. It offers global marine and support transportation services to offshore oil & gas exploration, development, and production facilities. The company involves in the operation of support and specialty vessels for and among independent oil, gas exploration, production, and emerging independent companies.

Further Reading: Growth and Income Funds

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Institutional Ownership by Quarter for SEACOR Marine (NYSE:SMHI)

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