Tidewater (NYSE:TDW) EVP Daniel Hudson Sells 15,000 Shares of Stock

Tidewater Inc. (NYSE:TDW) EVP Daniel Hudson sold 15,000 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $77.50, for a total value of $1,162,500.00. Following the completion of the transaction, the executive vice president directly owned 50,986 shares in the company, valued at $3,951,415. This trade represents a 22.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Tidewater Stock Up 7.4%

Shares of TDW opened at $78.81 on Tuesday. The firm has a fifty day moving average price of $59.78 and a 200-day moving average price of $56.67. The company has a current ratio of 2.89, a quick ratio of 2.79 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $3.91 billion, a P/E ratio of 26.54 and a beta of 0.64. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $82.00.

Analyst Ratings Changes

A number of brokerages have recently commented on TDW. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Raymond James Financial reissued an “outperform” rating on shares of Tidewater in a research note on Monday. Evercore reduced their price objective on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a report on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Tidewater has an average rating of “Hold” and an average price target of $67.50.

Institutional Trading of Tidewater

A number of hedge funds have recently bought and sold shares of TDW. Lido Advisors LLC increased its holdings in shares of Tidewater by 2.8% in the 4th quarter. Lido Advisors LLC now owns 5,509 shares of the oil and gas company’s stock valued at $290,000 after acquiring an additional 149 shares during the period. Clearstead Advisors LLC boosted its position in Tidewater by 22.2% during the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 158 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Tidewater by 15.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,239 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 166 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Tidewater by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,579 shares of the oil and gas company’s stock worth $534,000 after purchasing an additional 200 shares in the last quarter. Finally, Manatuck Hill Partners LLC lifted its position in shares of Tidewater by 5.1% during the fourth quarter. Manatuck Hill Partners LLC now owns 4,100 shares of the oil and gas company’s stock valued at $207,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Company 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.