Alps Advisors Inc. Invests $411,000 in Tidewater Inc. $TDW

Alps Advisors Inc. acquired a new position in Tidewater Inc. (NYSE:TDW) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,700 shares of the oil and gas company’s stock, valued at approximately $411,000.

Several other institutional investors have also added to or reduced their stakes in TDW. Hantz Financial Services Inc. lifted its position in shares of Tidewater by 401.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 413 shares during the period. Parkside Financial Bank & Trust raised its stake in Tidewater by 4,245.0% during the second quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock worth $40,000 after buying an additional 849 shares during the last quarter. Bogart Wealth LLC lifted its holdings in Tidewater by 28.6% in the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 200 shares during the period. CWM LLC lifted its holdings in Tidewater by 83.6% in the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock valued at $43,000 after buying an additional 422 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Tidewater by 701.6% during the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 870 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tidewater

In related news, EVP Daniel A. Hudson sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $70.01, for a total value of $700,100.00. Following the transaction, the executive vice president directly owned 65,986 shares in the company, valued at approximately $4,619,679.86. This represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.60% of the stock is currently owned by insiders.

Tidewater Stock Up 3.4%

Shares of NYSE:TDW opened at $69.86 on Monday. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $71.57. The business has a fifty day moving average price of $57.88 and a two-hundred day moving average price of $55.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79. The company has a market capitalization of $3.46 billion, a PE ratio of 23.52 and a beta of 0.64.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TDW shares. Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Dnb Nor Markets downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Finally, Evercore cut their price target on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a report on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.50.

Tidewater Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.