Victory Capital Management Inc. decreased its holdings in shares of Tidewater Inc. (NYSE:TDW – Free Report) by 77.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,694 shares of the oil and gas company’s stock after selling 154,386 shares during the quarter. Victory Capital Management Inc.’s holdings in Tidewater were worth $2,500,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in TDW. Fortitude Family Office LLC purchased a new stake in Tidewater during the fourth quarter worth approximately $33,000. Quarry LP lifted its stake in Tidewater by 187.6% during the third quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 531 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in Tidewater during the third quarter worth approximately $65,000. Venturi Wealth Management LLC lifted its stake in Tidewater by 2,018.3% during the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company’s stock worth $70,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Tidewater by 336.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,588 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 1,224 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.
Tidewater Price Performance
Tidewater stock opened at $40.46 on Monday. Tidewater Inc. has a 12 month low of $38.65 and a 12 month high of $111.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The business has a 50 day simple moving average of $51.32 and a 200-day simple moving average of $57.92. The stock has a market capitalization of $2.08 billion, a PE ratio of 11.90 and a beta of 1.06.
Analyst Ratings Changes
View Our Latest Analysis on TDW
Insider Transactions at Tidewater
In other news, Director Robert Robotti bought 25,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the acquisition, the director now owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 8.33% of the company’s stock.
Tidewater Company Profile
Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.
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