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Insider Sellers Might Regret Selling SEACOR Marine Holdings Shares at a Lower Price Than Current Market Value
Even though SEACOR Marine Holdings Inc. (NYSE:SMHI) has fallen by 13% over the past week , insiders who sold US$635k worth of stock over the past year have had less luck. Insiders would probably have been better off holding on to their shares given that the average selling price of US$13.37 is still lower than the current share price.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
Check out our latest analysis for SEACOR Marine Holdings
The Last 12 Months Of Insider Transactions At SEACOR Marine Holdings
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Julie Persily, sold US$269k worth of shares at a price of US$13.45 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$9.91). So it may not tell us anything about how insiders feel about the current share price.
In the last year SEACOR Marine Holdings insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
I will like SEACOR Marine Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. Insiders own 8.8% of SEACOR Marine Holdings shares, worth about US$24m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About SEACOR Marine Holdings Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. Still, the insider transactions at SEACOR Marine Holdings in the last 12 months are not very heartening. But we do like the fact that insiders own a fair chunk of the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 1 warning sign with SEACOR Marine Holdings and understanding it should be part of your investment process.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:SMHI
SEACOR Marine Holdings
Provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide.
Low with imperfect balance sheet.